42,997 Shares in Hayward Holdings, Inc. $HAYW Acquired by Seed Wealth Management Inc.

Key Points

• Seed Wealth Management Inc. has invested approximately $593,000 in Hayward Holdings, Inc., acquiring 42,997 shares during the second quarter.
• Insider trading activities saw CFO Eifion Jones and CEO Kevin Holleran collectively sell over 80,000 shares, indicating a decrease in their holdings.
• Analysts have raised the price target for Hayward shares from $17.50 to $18.00, with a consensus rating of "Hold" on the stock.

Seed Wealth Management Inc. purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 42,997 shares of the company's stock, valued at approximately $593,000.

Other hedge funds have also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings in shares of 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 purchasing an additional 1,472 shares during the last quarter. KBC Group NV boosted its position in shares of Hayward by 51.1% in the first quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after acquiring an additional 3,241 shares during the last quarter. Wedmont Private Capital acquired a new position in shares of Hayward in the 1st quarter valued at about $142,000. Focus Partners Advisor Solutions LLC purchased a new position in Hayward in the first quarter valued at about $150,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Hayward during the first quarter worth about $153,000.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer owned 287,231 shares of the company's stock, valued at approximately $4,739,311.50. The trade was a 6.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $924,919.17. Following the completion of the sale, the chief executive officer owned 623,540 shares in the company, valued at $9,521,455.80. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,142 shares of company stock worth $2,347,527. 5.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped 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 analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.50.

Hayward Price Performance

NYSE:HAYW traded down $0.07 during mid-day trading on Monday, hitting $14.85. The company's stock had a trading volume of 2,720,474 shares, compared to its average volume of 2,744,888. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.26 and a beta of 1.13. The stock has a fifty day moving average of $15.53 and a 200-day moving average of $14.31. 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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $291.17 million. During the same quarter in the prior year, the firm 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 analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal 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.