30,363 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Purchased by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. acquired a new position in Hayward Holdings, purchasing 30,363 shares valued at approximately $423,000 during the first quarter.
• Insider selling was notable, with CFO Eifion Jones selling 15,000 shares and CEO Kevin Holleran selling 60,571 shares in recent transactions, indicating a decrease in their ownership stakes.
• Hayward reported a quarterly EPS of $0.24, surpassing estimates, while revenue increased to $299.60 million, reflecting a year-over-year rise of 5.3%.

Jefferies Financial Group Inc. purchased a new stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,363 shares of the company's stock, valued at approximately $423,000.

Several other institutional investors have also made changes to their positions in HAYW. Sterling Capital Management LLC boosted its position in Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock worth $131,000 after buying an additional 3,268 shares during the period. KBC Group NV boosted its position in shares of Hayward by 51.1% during the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after purchasing an additional 3,241 shares in the last quarter. Wedmont Private Capital acquired a new position in shares of Hayward during the first quarter worth approximately $142,000. Pacer Advisors Inc. lifted its holdings in shares of Hayward by 9.5% in the 1st quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after purchasing an additional 969 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of Hayward in the 4th quarter worth $165,000.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $232,500.00. Following the sale, the chief financial officer directly owned 287,231 shares of the company's stock, valued at $4,452,080.50. This trade represents a 4.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,142 shares of company stock valued at $2,017,527 in the last ninety days. 5.06% of the stock is currently owned by insiders.

Hayward Stock Down 3.2%

HAYW stock traded down $0.50 during trading on Friday, reaching $15.17. The stock had a trading volume of 2,708,367 shares, compared to its average volume of 1,922,669. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The company's 50 day moving average is $14.41 and its two-hundred day moving average is $14.05. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 2.36 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63.

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