Hayward Holdings, Inc. $HAYW Shares Acquired by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC significantly increased its stake in Hayward Holdings, acquiring an additional 860,367 shares, raising its position by 34,359.7% during the first quarter of the year.
• Insider selling occurred as both CFO Eifion Jones and CEO Kevin Holleran sold considerable amounts of their shares, reducing their ownerships by 6.51% and 8.85%, respectively.
• Hayward posted a net margin of 12.04% with revenues of $299.60 million for the last quarter, exceeding analysts' expectations and reporting a year-over-year revenue increase of 5.3%.

MetLife Investment Management LLC lifted its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 34,359.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 862,871 shares of the company's stock after acquiring an additional 860,367 shares during the period. MetLife Investment Management LLC owned 0.40% of Hayward worth $12,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HAYW. KBC Group NV boosted its stake in shares of Hayward by 51.1% in the first quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after acquiring an additional 3,241 shares during the last quarter. Wedmont Private Capital acquired a new position in Hayward during the first quarter worth $142,000. EntryPoint Capital LLC acquired a new position in Hayward during the first quarter worth $153,000. Pacer Advisors Inc. boosted its stake in Hayward by 9.5% during the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after buying an additional 969 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in Hayward during the fourth quarter worth $165,000.

Hayward Trading Down 0.8%

NYSE:HAYW traded down $0.14 on Friday, reaching $16.07. The company's stock had a trading volume of 1,447,599 shares, compared to its average volume of 2,654,499. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month 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 cap of $3.48 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.13. The stock has a 50 day moving average price of $15.09 and a 200 day moving average price of $14.19.

Hayward (NYSE:HAYW - Get Free Report) last posted 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. 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 company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. Hayward has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In related news, CFO Eifion Jones sold 20,000 shares of the business's stock in a transaction 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 sale, the chief financial officer owned 287,231 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction on 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 represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,142 shares of company stock worth $2,347,527 in the last quarter. Company insiders own 5.06% of the company's stock.

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.