Nuveen LLC Takes Position in Hayward Holdings, Inc. $HAYW

Key Points

• Nuveen LLC acquired 849,230 shares of Hayward Holdings, Inc., valued at approximately $11.8 million, increasing its stake to 0.39% of the company.
• CEO Kevin Holleran and CFO Eifion Jones both sold substantial shares recently, with Holleran's sale representing an 8.85% decrease in his position.
• Hayward reported a 5.3% year-over-year increase in quarterly revenue, with earnings per share of $0.24, surpassing analysts' expectations of $0.22.

Nuveen LLC acquired a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 849,230 shares of the company's stock, valued at approximately $11,821,000. Nuveen LLC owned 0.39% of Hayward as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cerity Partners LLC grew its holdings in Hayward by 0.9% in the first 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 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 purchasing an additional 969 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Hayward by 5.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock worth $396,000 after purchasing an additional 1,414 shares during the period. Envestnet Asset Management Inc. grew 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 worth $725,000 after purchasing an additional 1,491 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings 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 period.

Insider Activity at Hayward

In related 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 value 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. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eifion Jones sold 20,000 shares of the firm'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 completion of the sale, the chief financial officer owned 287,231 shares in the company, valued at $4,739,311.50. This represents a 6.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,142 shares of company stock worth $2,347,527 in the last 90 days. 5.06% of the stock is currently owned by corporate insiders.

Hayward Stock Up 0.7%

HAYW traded up $0.12 during midday trading on Wednesday, reaching $16.35. The company's stock had a trading volume of 713,056 shares, compared to its average volume of 1,960,592. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.47 and a beta of 1.13. The company has a current ratio of 2.84, a quick ratio of 2.06 and a debt-to-equity ratio of 0.63. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The stock's 50-day moving average is $14.93 and its 200-day moving average is $14.14.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly 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 firm had revenue of $299.60 million for the quarter, compared to analysts' expectations of $291.17 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business's revenue for the quarter was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

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.