Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC significantly reduced its position in Hayward Holdings, Inc. by 67.1% during the first quarter, selling over 5.6 million shares.
• Insiders, including the CFO and CEO, have sold a combined 136,142 shares of the company's stock in the last three months, leading to a notable decrease in their ownership stakes.
• Hayward's latest quarterly earnings report indicated an EPS of $0.24, exceeding analysts' expectations, with a revenue of $299.6 million, which is a 5.3% increase compared to the previous year.

Kovitz Investment Group Partners LLC reduced its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,776,298 shares of the company's stock after selling 5,656,808 shares during the period. Kovitz Investment Group Partners LLC owned 1.28% of Hayward worth $38,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of Hayward by 61.9% during the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after acquiring an additional 3,268 shares during the last quarter. KBC Group NV boosted its stake in shares of Hayward by 51.1% in the first quarter. KBC Group NV now owns 9,584 shares of the company's stock valued at $133,000 after purchasing an additional 3,241 shares during the period. Wedmont Private Capital purchased a new position in shares of Hayward in the first quarter valued at approximately $142,000. Pacer Advisors Inc. boosted its stake in shares of Hayward by 9.5% in the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock valued at $155,000 after purchasing an additional 969 shares during the period. Finally, iSAM Funds UK Ltd purchased a new position in shares of Hayward in the fourth quarter valued at approximately $165,000.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $15.50, for a total value of $232,500.00. Following the completion of the transaction, the chief financial officer owned 287,231 shares of the company's stock, valued at approximately $4,452,080.50. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $14.20, for a total transaction of $860,108.20. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company's stock, valued at approximately $8,854,268. The trade was a 8.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 136,142 shares of company stock valued at $2,017,527. Insiders own 5.06% of the company's stock.

Hayward Trading Up 4.9%

NYSE HAYW opened at $16.49 on Thursday. The firm has a 50 day simple moving average of $14.54 and a 200-day simple moving average of $14.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.06 and a current ratio of 2.84. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.39 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The business had revenue of $299.60 million during the quarter, compared to analyst estimates of $291.17 million. During the same quarter last year, the firm posted $0.21 earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.

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