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 grew its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 34,359.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 862,871 shares of the company's stock after buying 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 also recently bought and sold shares of HAYW. Wells Fargo & Company MN lifted its holdings in shares of Hayward by 20,634.7% in the 4th quarter. Wells Fargo & Company MN now owns 78,792 shares of the company's stock valued at $1,205,000 after purchasing an additional 78,412 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Hayward by 3.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 47,384 shares of the company's stock valued at $725,000 after purchasing an additional 1,491 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Hayward in the 4th quarter valued at about $966,000. Mariner LLC lifted its holdings in shares of Hayward by 18.2% in the 4th quarter. Mariner LLC now owns 34,529 shares of the company's stock valued at $528,000 after purchasing an additional 5,328 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Hayward in the 4th quarter valued at about $210,000.

Hayward Stock Performance

Shares of Hayward stock traded down $0.14 on Friday, hitting $16.07. The stock had a trading volume of 1,447,599 shares, compared to its average volume of 2,654,499. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. 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 stock has a market cap of $3.48 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 2.46 and a beta of 1.13. The company's 50 day moving average price is $15.09 and its 200 day moving average price is $14.19.

Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $299.60 million during 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 business's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Insider Activity at Hayward

In other Hayward news, CFO Eifion Jones sold 20,000 shares of the business's stock in a transaction that occurred on 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 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $15.27, for a total value of $924,919.17. Following the transaction, the chief executive officer owned 623,540 shares in the company, valued at $9,521,455.80. The trade was a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,142 shares of company stock valued at $2,347,527. 5.06% of the stock is owned by company insiders.

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.