T. Rowe Price Investment Management Inc. Acquires 703,570 Shares of Hayward Holdings, Inc. $HAYW

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Hayward Holdings, Inc. by 38.6% during the first quarter, holding approximately 2,528,370 shares valued at $35.2 million.
• Hayward's stock opened at $16.54 on Friday, with the company reporting a 5.3% revenue increase year-over-year during its last quarterly results.
• Insider trading activity included significant sales by CFO Eifion Jones and CEO Kevin Holleran, decreasing their holdings by 6.51% and 8.85%, respectively.

T. Rowe Price Investment Management Inc. boosted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 38.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,528,370 shares of the company's stock after buying an additional 703,570 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.17% of Hayward worth $35,195,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cerity Partners LLC raised its holdings in Hayward by 0.9% during the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock worth $1,381,000 after buying an additional 869 shares during the period. Pacer Advisors Inc. grew its stake in shares of Hayward by 9.5% during the 1st quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after acquiring an additional 969 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Hayward by 5.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock worth $396,000 after acquiring an additional 1,414 shares in the last quarter. Envestnet Asset Management Inc. grew its stake 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 acquiring an additional 1,491 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Hayward by 4.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company's stock worth $515,000 after acquiring an additional 1,550 shares in the last quarter.

Hayward Stock Down 0.4%

Shares of HAYW traded down $0.07 during mid-day trading on Thursday, hitting $16.20. 939,934 shares of the company's stock were exchanged, compared to its average volume of 1,960,594. The company has a market cap of $3.51 billion, a PE ratio of 27.85, a P/E/G ratio of 2.47 and a beta of 1.13. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $16.87. The company has a 50-day simple moving average of $14.98 and a 200 day simple moving average of $14.16. 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 (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 the consensus estimate of $0.22 by $0.02. The company had revenue of $299.60 million during the quarter, compared to analysts' expectations of $291.17 million. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. On average, research analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their ownership of the stock. 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 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 transaction, the chief financial officer directly owned 287,231 shares of the company's stock, valued at approximately $4,739,311.50. This trade represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,142 shares of company stock valued at $2,347,527 over the last ninety days. Company insiders own 5.06% of the company's stock.

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.