Wellington Management Group LLP Grows Holdings in Hayward Holdings, Inc. $HAYW

Key Points

• Wellington Management Group LLP increased its stock position in Hayward Holdings, Inc. by 40.0%, owning nearly 1.94 million shares worth approximately $27 million.
• Hayward reported a revenue of $299.6 million for the last quarter, surpassing analyst estimates by about $8.43 million, with earnings per share of $0.24.
• Insider activity included significant sales by executives, with CFO Eifion Jones selling 20,000 shares for $330,000 and CEO Kevin Holleran selling over 60,000 shares valued at approximately $925,000.

Wellington Management Group LLP raised its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 40.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,943,768 shares of the company's stock after buying an additional 555,481 shares during the quarter. Wellington Management Group LLP owned about 0.90% of Hayward worth $27,057,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its stake in Hayward by 51.1% in the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock valued at $133,000 after buying an additional 3,241 shares during the period. Wedmont Private Capital acquired a new position in Hayward in the 1st quarter valued at $142,000. iSAM Funds UK Ltd acquired a new position in Hayward in the 4th quarter valued at $165,000. Pacer Advisors Inc. increased its stake in Hayward by 9.5% in the 1st 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. Finally, Bridgefront Capital LLC acquired a new position in Hayward in the 4th quarter valued at $172,000.

Hayward Stock Performance

HAYW traded down $0.14 during trading on Friday, hitting $16.07. The stock had a trading volume of 1,447,599 shares, compared to its average volume of 2,654,499. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.06 and a current ratio of 2.84. The firm has a market capitalization of $3.48 billion, a P/E ratio of 27.70, a PEG ratio of 2.44 and a beta of 1.13. The company's 50-day moving average price is $15.09 and its 200 day moving average price is $14.19. 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 announced 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 company had revenue of $299.60 million for 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%. Hayward's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Eifion Jones sold 20,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were 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 $4,739,311.50. This represents a 6.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin Holleran sold 60,571 shares of the business's 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 in the company, valued at $9,521,455.80. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,142 shares of company stock worth $2,347,527. Corporate 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.