Vanguard Group Inc. Boosts Holdings in Hayward Holdings, Inc. $HAYW

Key Points

• Vanguard Group Inc. has increased its stake in Hayward Holdings, Inc. by 3.5%, acquiring an additional 677,373 shares, bringing its total ownership to approximately 19.98 million shares, valued at $278.15 million.
• Multiple large investors have also significantly boosted their positions in Hayward during the fourth quarter, with increases ranging from 247.6% to 456.1%, highlighting strong institutional interest in the stock.
• Hayward's recent quarterly earnings surpassed expectations, reporting an EPS of $0.24 compared to a consensus estimate of $0.22, alongside a revenue increase of 5.3% year-over-year to $299.60 million.

Vanguard Group Inc. raised its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,982,416 shares of the company's stock after acquiring an additional 677,373 shares during the period. Vanguard Group Inc. owned approximately 9.24% of Hayward worth $278,155,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Michael & Susan Dell Foundation lifted its stake in shares of Hayward by 247.6% in the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after acquiring an additional 6,400,000 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock valued at $128,942,000 after purchasing an additional 6,696,170 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Hayward by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company's stock valued at $74,520,000 after purchasing an additional 392,695 shares during the period. Jennison Associates LLC lifted its stake in shares of Hayward by 5.8% in the first quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock valued at $49,770,000 after purchasing an additional 194,543 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Hayward by 456.1% in the fourth quarter. AQR Capital Management LLC now owns 2,671,523 shares of the company's stock valued at $40,848,000 after purchasing an additional 2,191,160 shares during the period.

Hayward Price Performance

Shares of NYSE HAYW traded up $0.8390 during midday trading on Friday, hitting $16.6490. The company had a trading volume of 232,223 shares, compared to its average volume of 1,951,009. 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. The business has a 50-day simple moving average of $14.76 and a two-hundred day simple moving average of $14.11. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The firm had revenue of $299.60 million during the quarter, compared to analysts' expectations of $291.17 million. During the same quarter last year, the business earned $0.21 earnings per share. The business'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. Equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In related news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction dated 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. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eifion Jones sold 20,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer 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 sold 156,142 shares of company stock valued at $2,347,527 in the last quarter. Company insiders own 5.06% of the company's stock.

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.