PineStone Asset Management Inc. Invests $7.19 Million in Hayward Holdings, Inc. $HAYW

Key Points

• PineStone Asset Management Inc. invested approximately $7.19 million in Hayward Holdings, purchasing 521,300 shares, which represents about 0.24% of the company.
• Hayward Holdings reported a net margin of 12.04% and exceeded analysts' earnings expectations with $0.24 earnings per share for the last quarter.
• Despite recent insider sales, analysts hold a consensus rating of "Hold" for Hayward, with a price target increase to $18.00 from Stifel Nicolaus.

PineStone Asset Management Inc. purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 521,300 shares of the company's stock, valued at approximately $7,194,000. PineStone Asset Management Inc. owned approximately 0.24% of Hayward at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC boosted its stake in Hayward by 28.9% during the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company's stock worth $91,000 after buying an additional 1,472 shares in the last quarter. KBC Group NV boosted its stake in Hayward by 51.1% during the first quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after buying an additional 3,241 shares in the last quarter. Wedmont Private Capital acquired a new stake in Hayward during the first quarter worth $142,000. Focus Partners Advisor Solutions LLC acquired a new stake in Hayward during the first quarter worth $150,000. Finally, EntryPoint Capital LLC acquired a new stake in Hayward during the first quarter worth $153,000.

Hayward Stock Down 1.0%

Shares of NYSE HAYW opened at $14.55 on Friday. The stock has a market cap of $3.15 billion, a PE ratio of 25.09, a PEG ratio of 2.22 and a beta of 1.13. The business has a fifty day moving average of $15.55 and a two-hundred day moving average of $14.32. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. 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 (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) 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 business had revenue of $299.60 million during the quarter, compared to analysts' expectations of $291.17 million. During the same period in the previous year, the business posted $0.21 earnings per share. The firm'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 expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Hayward

In related news, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total value of $330,000.00. Following the completion of the transaction, the chief financial officer directly owned 287,231 shares of the company's stock, valued at $4,739,311.50. The trade was a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction dated 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 transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders sold 156,142 shares of company stock valued at $2,347,527 over the last ninety days. 5.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price objective on Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a report on Friday, September 5th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Hayward presently has a consensus rating of "Hold" and a consensus price target of $17.50.

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.

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