Hayward Holdings, Inc. $HAYW Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Hayward Holdings, Inc. by 4.8% during Q1, now holding approximately 1.35% of the company, valued at $40.5 million.
• Several institutional investors have also acquired shares of Hayward, with Sterling Capital Management and KBC Group NV increasing their positions by 61.9% and 51.1% respectively during recent quarters.
• Hayward's stock is currently trading at $15.77, down 0.8%, with a twelve-month high of $16.87 and earnings per share of $0.24, surpassing analysts' expectations.

Invesco Ltd. raised its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 4.8% 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 2,912,704 shares of the company's stock after purchasing an additional 134,609 shares during the period. Invesco Ltd. owned 1.35% of Hayward worth $40,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Swiss National Bank raised its holdings in shares of Hayward by 26.8% in the first quarter. Swiss National Bank now owns 375,600 shares of the company's stock worth $5,228,000 after buying an additional 79,500 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hayward by 8.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,553,193 shares of the company's stock valued at $21,620,000 after purchasing an additional 123,478 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hayward by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock valued at $278,155,000 after purchasing an additional 677,373 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Hayward by 26.3% during the 1st quarter. Blair William & Co. IL now owns 26,449 shares of the company's stock valued at $368,000 after purchasing an additional 5,513 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Hayward in the 1st quarter worth $423,000.

Insider Activity

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

Hayward Stock Performance

HAYW stock traded down $0.2960 during midday trading on Wednesday, reaching $15.8440. The stock had a trading volume of 2,912,089 shares, compared to its average volume of 2,846,182. The firm has a fifty day simple moving average of $14.69 and a two-hundred day simple moving average of $14.08. The stock has a market cap of $3.43 billion, a PE ratio of 22.42, a P/E/G ratio of 2.45 and a beta of 1.13. 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 52-week low of $11.10 and a 52-week high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly 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. The company had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current 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.