PDT Partners LLC Decreases Position in Hayward Holdings, Inc. $HAYW

Key Points

• PDT Partners LLC has cut its holdings in Hayward Holdings, Inc. by 57%, now owning 16,700 shares after selling over 22,000 shares in the first quarter.
• Hayward Holdings reported a quarterly earnings per share (EPS) of $0.24, surpassing the consensus estimate of $0.22, with revenues reaching $299.60 million.
• Analyst ratings show one "Buy" and four "Hold" ratings for Hayward, with Stifel Nicolaus increasing their price target from $17.50 to $18.00.

PDT Partners LLC decreased its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 57.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,700 shares of the company's stock after selling 22,163 shares during the period. PDT Partners LLC's holdings in Hayward were worth $232,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Hayward by 3.5% during the first quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock worth $278,155,000 after buying an additional 677,373 shares during the period. Michael & Susan Dell Foundation increased its position in Hayward by 247.6% during the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after buying an additional 6,400,000 shares during the period. Fiduciary Management Inc. WI increased its position in Hayward by 63.0% during the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock worth $93,402,000 after buying an additional 2,592,926 shares during the period. Jennison Associates LLC increased its position in Hayward by 5.8% during the first quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock worth $49,770,000 after buying an additional 194,543 shares during the period. Finally, Invesco Ltd. increased its position in Hayward by 4.8% during the first quarter. Invesco Ltd. now owns 2,912,704 shares of the company's stock worth $40,545,000 after buying an additional 134,609 shares during the period.

Hayward Stock Performance

Shares of NYSE:HAYW traded up $0.36 during trading on Thursday, reaching $16.06. The company had a trading volume of 1,620,365 shares, compared to its average volume of 2,078,656. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.84 and a quick ratio of 2.06. The stock's fifty day moving average price is $15.44 and its 200 day moving average price is $14.28. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The firm had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their target price on Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Hayward has an average rating of "Hold" and an average target price of $17.50.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $15.27, for a total transaction of $924,919.17. Following the transaction, the chief executive officer owned 623,540 shares of the company's stock, valued at $9,521,455.80. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Eifion Jones sold 20,000 shares of the company'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 transaction, the chief financial officer directly 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 have sold 156,142 shares of company stock worth $2,347,527 in the last ninety days. 5.06% of the stock is currently owned by corporate insiders.

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.