Public Employees Retirement System of Ohio Boosts Holdings in Hayward Holdings, Inc. $HAYW

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Hayward Holdings, Inc. by 249.0% in Q2, owning approximately 159,689 shares valued at $2.2 million.
• Hayward's recent quarterly report showed earnings per share of $0.24, exceeding analysts' expectations, with revenue rising 5.3% year-over-year to $299.6 million.
• Insider selling was noted, with CEO Kevin Holleran and CFO Eifion Jones reducing their holdings, pointing to potential shifts in management confidence or strategy.

Public Employees Retirement System of Ohio grew its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 249.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,689 shares of the company's stock after purchasing an additional 113,939 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Hayward worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HAYW. Fiduciary Management Inc. WI grew its position in shares of 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 in the last quarter. Greenhouse Funds LLLP grew its position in shares of Hayward by 43.4% during the first quarter. Greenhouse Funds LLLP now owns 4,589,097 shares of the company's stock worth $63,880,000 after buying an additional 1,389,434 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Hayward by 36.0% during the first quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company's stock worth $49,094,000 after buying an additional 962,402 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Hayward by 34,359.7% during the first quarter. MetLife Investment Management LLC now owns 862,871 shares of the company's stock worth $12,011,000 after buying an additional 860,367 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Hayward during the first quarter worth approximately $11,821,000.

Hayward Trading Up 1.2%

Shares of HAYW opened at $15.43 on Friday. The business's 50-day moving average price is $15.58 and its 200 day moving average price is $14.35. The stock has a market capitalization of $3.34 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.30 and a beta of 1.11. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year 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.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, topping 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 analysts' expectations of $291.17 million. During the same quarter last year, the business posted $0.21 EPS. Hayward's revenue was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. Analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction dated 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. The trade was a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction dated Wednesday, August 13th. The shares were 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 approximately $4,739,311.50. This trade represents a 6.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,142 shares of company stock worth $2,405,676. Company insiders own 5.06% of the company's stock.

Analyst Ratings Changes

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

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.

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