Leith Wheeler Investment Counsel Ltd. Boosts Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Key Points

• Leith Wheeler Investment Counsel Ltd. increased its stake in Hayward Holdings, Inc. by 111.3%, owning 467,376 shares worth $6.5 million as of the most recent SEC filing.
• Several institutional investors, including Vanguard Group and Michael & Susan Dell Foundation, have also significantly lifted their holdings in Hayward, reflecting growing interest in the company.
• Hayward reported earnings of $0.24 per share for the last quarter, beating analysts' expectations, with a revenue of $299.6 million, up 5.3% year-over-year.

Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 111.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,376 shares of the company's stock after buying an additional 246,230 shares during the period. Leith Wheeler Investment Counsel Ltd. owned approximately 0.22% of Hayward worth $6,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its position in Hayward by 0.9% in the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock worth $1,381,000 after purchasing an additional 869 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Hayward by 9.5% in the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after acquiring an additional 969 shares during the period. Integrated Wealth Concepts LLC increased its position in Hayward by 5.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock valued at $396,000 after acquiring an additional 1,414 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Hayward by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 47,384 shares of the company's stock valued at $725,000 after acquiring an additional 1,491 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Hayward by 4.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company's stock worth $515,000 after purchasing an additional 1,550 shares during the last quarter.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total transaction of $330,000.00. Following the transaction, the chief financial officer directly owned 287,231 shares of the company's stock, valued at $4,739,311.50. The trade was a 6.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran sold 60,571 shares of Hayward 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 transaction, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,142 shares of company stock valued at $2,347,527 over the last 90 days. 5.06% of the stock is currently owned by company insiders.

Hayward Stock Performance

Shares of Hayward stock traded down $0.31 during trading hours on Friday, reaching $15.89. 1,598,064 shares of the stock traded hands, compared to its average volume of 2,826,307. The company has a 50 day moving average price of $14.62 and a 200 day moving average price of $14.08. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. 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 firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 2.46 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 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $291.17 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. On average, equities research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Hayward 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.