Natixis Advisors LLC Purchases 17,876 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Key Points

• Natixis Advisors LLC increased its holdings in Hayward Holdings by 82.1%, now owning 39,646 shares valued at $552,000 as of their latest SEC filing.
• Insider sales included CEO Kevin Holleran selling 60,571 shares for approximately $860,108, reducing his ownership by 8.85%.
• Hayward Holdings reported $0.24 EPS for the last quarter, exceeding consensus estimates and achieving a revenue of $299.60 million, a 5.3% year-over-year increase.

Natixis Advisors LLC raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 82.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,646 shares of the company's stock after purchasing an additional 17,876 shares during the quarter. Natixis Advisors LLC's holdings in Hayward were worth $552,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Hayward during the first quarter valued at approximately $1,059,000. De Lisle Partners LLP lifted its holdings in Hayward by 5.3% during the first quarter. De Lisle Partners LLP now owns 397,603 shares of the company's stock valued at $5,537,000 after purchasing an additional 20,000 shares in the last quarter. Bryce Point Capital LLC lifted its holdings in Hayward by 99.3% during the first quarter. Bryce Point Capital LLC now owns 62,508 shares of the company's stock valued at $907,000 after purchasing an additional 31,149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hayward by 11.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,956 shares of the company's stock valued at $445,000 after buying an additional 3,314 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Hayward by 9.5% during the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock valued at $155,000 after buying an additional 969 shares during the last quarter.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the sale, the chief financial officer owned 287,231 shares in the company, valued at $4,739,311.50. This trade represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of Hayward 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 sale, the chief executive officer owned 623,540 shares in the company, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,142 shares of company stock worth $2,347,527. Company insiders own 5.06% of the company's stock.

Hayward Price Performance

Shares of Hayward stock traded down $0.31 on Friday, hitting $15.89. 1,598,064 shares of the company traded hands, compared to its average volume of 2,826,307. The stock has a market capitalization of $3.44 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.41 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. The business has a 50-day simple moving average of $14.62 and a 200 day simple moving average of $14.07.

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