Public Sector Pension Investment Board Grows Stake in Hayward Holdings, Inc. $HAYW

Key Points

• The Public Sector Pension Investment Board increased its stake in Hayward Holdings, Inc. by 27.3%, now owning 450,859 shares after buying an additional 96,624 shares.
• Hayward recently reported an earnings per share (EPS) of $0.24, surpassing the anticipated $0.22, with revenues totaling $299.60 million for the quarter.
• Insider trading activity included the CFO selling 20,000 shares and the CEO selling 60,571 shares, resulting in a decrease in their holdings of 6.51% and 8.85%, respectively.

Public Sector Pension Investment Board lifted its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 27.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 450,859 shares of the company's stock after purchasing an additional 96,624 shares during the quarter. Public Sector Pension Investment Board owned 0.21% of Hayward worth $6,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of HAYW. Cerity Partners LLC boosted its holdings in Hayward by 0.9% during the first quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock valued at $1,381,000 after acquiring an additional 869 shares during the period. Pacer Advisors Inc. raised its stake in Hayward by 9.5% during the 1st quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock valued at $155,000 after purchasing an additional 969 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Hayward by 5.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock valued at $396,000 after purchasing an additional 1,414 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Hayward by 3.2% during the 4th 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 raised its stake in shares of Hayward by 4.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company's stock valued at $515,000 after buying an additional 1,550 shares in the last quarter.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the company'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 transaction of $924,919.17. Following the sale, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $330,000.00. Following the transaction, the chief financial officer owned 287,231 shares in the company, valued at approximately $4,739,311.50. The trade was a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,142 shares of company stock valued at $2,347,527. 5.06% of the stock is currently owned by company insiders.

Hayward Trading Down 1.5%

Shares of NYSE HAYW traded down $0.2450 during mid-day trading on Wednesday, hitting $15.8950. The company's stock had a trading volume of 1,314,501 shares, compared to its average volume of 1,952,046. The company's fifty day simple moving average is $14.69 and its 200-day simple moving average is $14.08. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 2.39 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. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Hayward has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

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.