Versor Investments LP Takes $693,000 Position in Hayward Holdings, Inc. $HAYW

Key Points

• Versor Investments LP has acquired a new stake in Hayward Holdings, Inc., purchasing 49,800 shares valued at approximately $693,000 during the first quarter.
• Hayward Holdings reported earnings of $0.24 per share for the last quarter, surpassing analysts' expectations, with revenue of $299.6 million, a 5.3% increase year-over-year.
• Insider activity shows the CFO and CEO have sold significant shares recently, with a total of 156,142 shares sold worth over $2.34 million in the last three months.

Versor Investments LP acquired a new stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,800 shares of the company's stock, valued at approximately $693,000.

Several other large investors have also modified their holdings of HAYW. Sterling Capital Management LLC boosted its holdings in shares of Hayward by 61.9% in the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after acquiring an additional 3,268 shares during the period. KBC Group NV lifted its holdings in shares of Hayward by 51.1% during the first 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 acquired a new stake in shares of Hayward during the first quarter worth $142,000. Pacer Advisors Inc. lifted its holdings in shares of Hayward by 9.5% during the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after purchasing an additional 969 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Hayward during the fourth quarter worth $165,000.

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction on 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 in the company, 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 can be accessed through this link. Also, CFO Eifion Jones sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were 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 owned 287,231 shares of the company's stock, valued at approximately $4,739,311.50. This represents a 6.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,142 shares of company stock valued at $2,347,527. Corporate insiders own 5.06% of the company's stock.

Hayward Stock Performance

Shares of NYSE HAYW traded down $0.2650 during mid-day trading on Monday, hitting $16.2950. 2,075,333 shares of the company were exchanged, compared to its average volume of 3,027,141. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $14.87 and a 200-day simple moving average of $14.13. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13.

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

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.