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

Key Points

• Wellington Management reduced its Hayward Holdings stake by 9.9% in the second quarter, selling 269,051 shares and retaining 2.44 million shares worth approximately $42.2 million.
• Hayward insiders have also been selling shares: CEO Kevin Holleran sold 120,000 shares for about $2.1 million, while insiders sold 270,000 shares worth $4.4 million over the past 90 days.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating and a $17.50 consensus price target. Hayward nonetheless exceeded quarterly earnings and revenue expectations, reporting $0.26 EPS and $318.4 million in revenue.

Wellington Management Group LLP lowered its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,440,220 shares of the company's stock after selling 269,051 shares during the quarter. Wellington Management Group LLP owned 1.15% of Hayward worth $42,240,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in shares of Hayward by 80.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company's stock worth $32,000 after purchasing an additional 916 shares in the last quarter. IFP Advisors Inc raised its stake in Hayward by 103.9% during the fourth quarter. IFP Advisors Inc now owns 2,482 shares of the company's stock worth $38,000 after purchasing an additional 1,265 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Hayward in the fourth quarter valued at approximately $39,000. Allworth Financial LP acquired a new position in shares of Hayward in the 2nd quarter valued at $47,000. Finally, Farther Finance Advisors LLC boosted its stake in Hayward by 669.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,716 shares of the company's stock worth $57,000 after buying an additional 3,233 shares during the period.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 120,000 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $17.28, for a total value of $2,073,600.00. Following the transaction, the chief executive officer directly owned 701,234 shares in the company, valued at approximately $12,117,323.52. This represents a 14.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 270,000 shares of company stock valued at $4,385,100. 4.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research note on Monday, July 20th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Hayward in a research report on Monday, July 6th. Weiss Ratings raised Hayward from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Hayward in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Hayward has an average rating of "Hold" and a consensus price target of $17.50.

Hayward Trading Up 0.5%

Shares of HAYW opened at $13.70 on Friday. Hayward Holdings, Inc. has a twelve month low of $12.93 and a twelve month high of $17.73. The firm has a market capitalization of $2.91 billion, a P/E ratio of 18.51, a PEG ratio of 1.25 and a beta of 1.10. The firm's 50-day moving average is $15.24 and its two-hundred day moving average is $14.82. The company has a current ratio of 3.33, a quick ratio of 2.49 and a debt-to-equity ratio of 0.59.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $318.38 million during the quarter, compared to analysts' expectations of $303.35 million. Hayward had a return on equity of 11.61% and a net margin of 13.83%.Hayward's revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. On average, research analysts predict that Hayward Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Hayward Company Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward's offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward's product portfolio is organized into several core categories.

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