Greenhouse Funds LLLP boosted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,848,381 shares of the company’s stock after purchasing an additional 594,547 shares during the quarter. Hayward makes up 3.2% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 14th biggest holding. Greenhouse Funds LLLP’s holdings in Hayward were worth $88,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the stock. UBS Group AG grew its position in shares of Hayward by 1.9% during the third quarter. UBS Group AG now owns 1,181,435 shares of the company’s stock worth $17,863,000 after buying an additional 22,077 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Hayward by 382.7% in the third quarter. BNP Paribas Financial Markets now owns 136,365 shares of the company’s stock valued at $2,062,000 after acquiring an additional 108,113 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Hayward in the third quarter valued at approximately $550,000. Legal & General Group Plc lifted its stake in Hayward by 16.9% in the third quarter. Legal & General Group Plc now owns 559,180 shares of the company’s stock worth $8,455,000 after acquiring an additional 80,696 shares during the last quarter. Finally, Fieldview Capital Management LLC purchased a new position in Hayward in the third quarter worth approximately $154,000.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $19.50 price objective (up from $19.00) on shares of Hayward in a research report on Thursday, February 26th. Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Bank of America upgraded shares of Hayward from an “underperform” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, March 6th. Finally, Zacks Research raised Hayward from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Hayward presently has a consensus rating of “Buy” and a consensus target price of $19.25.
Hayward Stock Performance
Shares of HAYW opened at $14.53 on Thursday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $17.73. The company has a quick ratio of 2.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $16.10 and a 200 day moving average price of $15.87.
Hayward (NYSE:HAYW – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $349.38 million for the quarter, compared to analysts’ expectations of $332.84 million. Hayward had a net margin of 13.51% and a return on equity of 11.27%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. Hayward has set its FY 2026 guidance at 0.820-0.860 EPS. Research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.
Insider Buying and Selling at Hayward
In related news, CFO Eifion Jones sold 15,000 shares of Hayward stock in a transaction on Monday, March 9th. The shares were sold at an average price of $14.57, for a total transaction of $218,550.00. Following the sale, the chief financial officer directly owned 316,100 shares in the company, valued at $4,605,577. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin Holleran sold 52,389 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $15.73, for a total transaction of $824,078.97. Following the completion of the sale, the chief executive officer directly owned 748,540 shares of the company’s stock, valued at approximately $11,774,534.20. This trade represents a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 172,168 shares of company stock worth $2,721,189 over the last quarter. 5.06% of the stock is owned by company insiders.
About Hayward
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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