Hayward Holdings, Inc. $HAYW Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC reduced its stake in Hayward Holdings, Inc. by 43.6%, selling 34,683 shares to hold a total of 44,817 shares valued at $624,000.
• Hayward's CEO Kevin Holleran sold 60,571 shares, representing an 8.85% decrease in his position, while insiders collectively sold 156,142 shares worth approximately $2.35 million in the last quarter.
• Analysts have upgraded Hayward’s target price from $17.50 to $18.00, with a consensus rating of "Hold" and expected EPS of 0.6 for the current year.

Teza Capital Management LLC lowered its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 43.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,817 shares of the company's stock after selling 34,683 shares during the period. Teza Capital Management LLC's holdings in Hayward were worth $624,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hayward by 3.5% during the first quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock valued at $278,155,000 after buying an additional 677,373 shares during the period. Michael & Susan Dell Foundation increased its stake in shares of Hayward by 247.6% during the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock valued at $137,373,000 after buying an additional 6,400,000 shares during the period. Fiduciary Management Inc. WI increased its stake in shares of Hayward by 63.0% during the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock valued at $93,402,000 after buying an additional 2,592,926 shares during the period. Greenhouse Funds LLLP increased its stake in shares of Hayward by 43.4% during the first quarter. Greenhouse Funds LLLP now owns 4,589,097 shares of the company's stock valued at $63,880,000 after buying an additional 1,389,434 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Hayward by 36.0% during the first quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company's stock valued at $49,094,000 after buying an additional 962,402 shares during the period.

Hayward Stock Down 2.8%

NYSE HAYW traded down $0.46 during trading on Friday, hitting $15.61. The company's stock had a trading volume of 1,399,412 shares, compared to its average volume of 1,978,288. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.84 and a quick ratio of 2.06. The company has a market cap of $3.38 billion, a PE ratio of 26.91, a P/E/G ratio of 2.43 and a beta of 1.13. The business's 50 day simple moving average is $15.47 and its 200-day simple moving average is $14.29. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87.

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 business had revenue of $299.60 million during the quarter, compared to the consensus estimate of $291.17 million. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Hayward has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $15.27, for a total transaction of $924,919.17. Following the completion of the sale, the chief executive officer owned 623,540 shares of the company's stock, valued at $9,521,455.80. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of Hayward 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 sale, the chief financial officer directly owned 287,231 shares of the company's stock, valued at $4,739,311.50. This trade represents a 6.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,142 shares of company stock valued at $2,347,527 in the last ninety days. Corporate insiders own 5.06% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lifted their target price on Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hayward currently has an average rating of "Hold" and a consensus price target of $17.50.

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.