Ieq Capital LLC Lowers Holdings in Hayward Holdings, Inc. $HAYW

Key Points

• Ieq Capital LLC reduced its holdings in Hayward Holdings, Inc. by 9.8%, owning 267,050 shares valued at approximately $3.72 million following the sale of 28,941 shares in the first quarter.
• MetLife Investment Management LLC significantly increased its position in Hayward by 34,359.7%, now owning 862,871 shares worth about $12 million after acquiring over 860,000 shares.
• Hayward reported $0.24 EPS for the last quarter, surpassing analyst estimates of $0.22, along with a 5.3% year-over-year increase in revenue to $299.6 million.

Ieq Capital LLC cut its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,050 shares of the company's stock after selling 28,941 shares during the period. Ieq Capital LLC owned 0.12% of Hayward worth $3,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Hayward by 3.5% in the first quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock worth $278,155,000 after buying an additional 677,373 shares during the last quarter. Michael & Susan Dell Foundation grew its holdings in shares of Hayward by 247.6% in the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after purchasing an additional 6,400,000 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in Hayward by 63.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock worth $93,402,000 after purchasing an additional 2,592,926 shares during the period. Jennison Associates LLC grew its holdings in Hayward by 5.8% during the 1st quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock worth $49,770,000 after acquiring an additional 194,543 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Hayward by 4.8% during the 1st quarter. Invesco Ltd. now owns 2,912,704 shares of the company's stock valued at $40,545,000 after acquiring an additional 134,609 shares in the last quarter.

Insider Activity

In other Hayward news, CFO Eifion Jones sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the transaction, the chief financial officer owned 287,231 shares in the company, valued at approximately $4,739,311.50. This represents a 6.51% decrease in their position. The sale 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 on Monday, August 4th. The stock was sold at an average price of $15.27, for a total transaction of $924,919.17. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company's stock, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,142 shares of company stock worth $2,347,527. Corporate insiders own 5.06% of the company's stock.

Hayward Stock Down 1.3%

Shares of NYSE:HAYW traded down $0.21 during trading on Wednesday, reaching $15.57. The stock had a trading volume of 1,153,589 shares, compared to its average volume of 1,959,443. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The firm's 50-day simple moving average is $15.17 and its 200 day simple moving average is $14.21. The company has a current ratio of 2.84, a quick ratio of 2.06 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.37 billion, a P/E ratio of 26.84, a PEG ratio of 2.41 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The firm had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. During the same period in the previous year, the business earned $0.21 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

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.