Strs Ohio Invests $1.53 Million in Hayward Holdings, Inc. $HAYW

Key Points

• Strs Ohio invested approximately $1.53 million in Hayward Holdings, acquiring 109,780 shares, which represents 0.05% of the company's stock as per their recent SEC filing.
• Insider trading activity included CFO Eifion Jones selling 20,000 shares and CEO Kevin Holleran selling 60,571 shares, reflecting decreases in their respective positions.
• Stifel Nicolaus upgraded Hayward's target price from $17.50 to $18.00, maintaining a "buy" rating, while the stock currently has a consensus rating of "Hold."

Strs Ohio bought a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 109,780 shares of the company's stock, valued at approximately $1,528,000. Strs Ohio owned about 0.05% of Hayward at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in Hayward by 51.1% in the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after purchasing an additional 3,241 shares during the period. Wedmont Private Capital purchased a new position in Hayward in the 1st quarter worth approximately $142,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Hayward during the first quarter valued at approximately $150,000. EntryPoint Capital LLC purchased a new position in shares of Hayward during the first quarter valued at approximately $153,000. Finally, Pacer Advisors Inc. increased its stake in shares of Hayward by 9.5% during the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock valued at $155,000 after buying an additional 969 shares during the period.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their target price on Hayward from $17.50 to $18.00 and gave the stock a "buy" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.50.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction dated Monday, August 4th. The stock was 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 owned 623,540 shares of the company's stock, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of the company's 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 position. The disclosure for this sale can be found here. Insiders sold a total of 156,142 shares of company stock valued at $2,347,527 in the last ninety days. 5.06% of the stock is currently owned by insiders.

Hayward Stock Performance

Shares of HAYW stock traded down $0.40 on Friday, hitting $14.92. The company had a trading volume of 17,798,486 shares, compared to its average volume of 1,985,880. The firm has a market cap of $3.23 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. The company has a 50-day moving average price of $15.53 and a 200-day moving average price of $14.32. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $299.60 million during the quarter, compared to analysts' expectations of $291.17 million. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Hayward 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.