Trigran Investments Inc. Cuts Position in Hayward Holdings, Inc. $HAYW

Key Points

• Trigran Investments Inc. reduced its stake in Hayward Holdings, Inc. by 14%, owning 2,064,096 shares after selling 335,941 shares in the first quarter.
• In the most recent quarter, Hayward reported earnings of $0.24 per share, exceeding estimates, with revenue rising 5.3% to $299.60 million.
• CEO Kevin Holleran and CFO Eifion Jones both sold shares recently, indicating a decrease in their ownership stakes by 8.85% and 6.51%, respectively.

Trigran Investments Inc. lowered its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 14.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,064,096 shares of the company's stock after selling 335,941 shares during the period. Hayward accounts for 4.2% of Trigran Investments Inc.'s investment portfolio, making the stock its 13th largest holding. Trigran Investments Inc. owned 0.95% of Hayward worth $28,732,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HAYW. Sterling Capital Management LLC increased its stake in Hayward by 61.9% in the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after purchasing an additional 3,268 shares during the period. KBC Group NV increased its stake in 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 acquired a new position in Hayward in the first quarter valued at $142,000. Pacer Advisors Inc. grew its stake in shares of Hayward by 9.5% in the 1st 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 last quarter. Finally, iSAM Funds UK Ltd purchased a new position in shares of Hayward in the 4th quarter valued at approximately $165,000.

Hayward Stock Performance

Shares of NYSE HAYW traded down $0.2960 during mid-day trading on Wednesday, hitting $15.8440. 2,912,089 shares of the company were exchanged, compared to its average volume of 1,962,485. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $14.69 and a 200-day simple moving average of $14.08. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 earnings per share (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 company had revenue of $299.60 million for the quarter, compared to analysts' expectations of $291.17 million. During the same period in the previous year, the company posted $0.21 EPS. Hayward's revenue was up 5.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $15.27, for a total value of $924,919.17. Following the completion of the sale, the chief executive officer owned 623,540 shares in the company, valued at $9,521,455.80. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eifion Jones sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total value of $330,000.00. Following the transaction, the chief financial officer owned 287,231 shares in the company, valued at $4,739,311.50. The trade was a 6.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,142 shares of company stock valued at $2,347,527 over the last three months. 5.06% of the stock is currently owned by corporate insiders.

About Hayward

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.