Hayward Holdings, Inc. $HAYW Shares Acquired by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has increased its stake in Hayward Holdings, Inc. by 48.6%, now holding 1,142,307 shares valued at approximately $15.9 million.
• Other hedge funds have also significantly increased their positions in Hayward, with Michael & Susan Dell Foundation boosting its stake by 247.6% and AQR Capital Management increasing it by 456.1% in the last quarter.
• Insider activity shows sales from executives, including CFO Eifion Jones and CEO Kevin Holleran, who sold shares valued at around $1.25 million combined, indicating potential profit-taking amidst stock appreciation.

Raymond James Financial Inc. lifted its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 48.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,142,307 shares of the company's stock after acquiring an additional 373,668 shares during the quarter. Raymond James Financial Inc. owned 0.53% of Hayward worth $15,901,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HAYW. Vanguard Group Inc. lifted its holdings in Hayward by 3.5% during the 1st 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 in the last quarter. Michael & Susan Dell Foundation lifted its holdings in Hayward by 247.6% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hayward by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company's stock worth $74,520,000 after buying an additional 392,695 shares in the last quarter. Jennison Associates LLC lifted its holdings in Hayward by 5.8% during the 1st 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 in the last quarter. Finally, Invesco Ltd. lifted its holdings in Hayward by 4.8% during the 1st 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 in the last quarter.

Insider Buying and Selling

In other Hayward news, CFO Eifion Jones sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 156,142 shares of company stock worth $2,347,527. 5.06% of the stock is owned by company insiders.

Hayward Stock Down 1.4%

Hayward stock traded down $0.22 during mid-day trading on Wednesday, reaching $15.56. 2,127,011 shares of the company's stock were exchanged, compared to its average volume of 2,416,392. The company has a market cap of $3.37 billion, a P/E ratio of 26.82, a P/E/G ratio of 2.41 and a beta of 1.13. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $15.21 and a 200-day moving average of $14.22.

Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The company had revenue of $299.60 million for the quarter, compared to analyst estimates of $291.17 million. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. Sell-side 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.