Hayward Holdings, Inc. $HAYW Position Cut by US Bancorp DE

US Bancorp DE lowered its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 14.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,188 shares of the company’s stock after selling 1,035 shares during the period. US Bancorp DE’s holdings in Hayward were worth $86,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC grew its holdings in Hayward by 385.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after acquiring an additional 6,696,170 shares during the period. Michael & Susan Dell Foundation grew 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 purchasing an additional 6,400,000 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Hayward by 456.1% in the 4th quarter. AQR Capital Management LLC now owns 2,671,523 shares of the company’s stock worth $40,848,000 after purchasing an additional 2,191,160 shares in the last quarter. Trigran Investments Inc. lifted its stake in Hayward by 75.8% during the fourth quarter. Trigran Investments Inc. now owns 2,400,037 shares of the company’s stock valued at $36,697,000 after purchasing an additional 1,034,610 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Hayward by 107.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,982,822 shares of the company’s stock valued at $30,317,000 after purchasing an additional 1,028,303 shares during the last quarter.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were 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 directly owned 623,540 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer directly owned 287,231 shares in the company, valued at approximately $4,739,311.50. This trade represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,142 shares of company stock worth $2,347,527 in the last three months. 5.06% of the stock is currently owned by company insiders.

Hayward Trading Down 1.9%

Hayward stock opened at $15.89 on Monday. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The firm’s 50 day moving average price is $14.62 and its two-hundred day moving average price is $14.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.06 and a current ratio of 2.84.

Hayward (NYSE:HAYW) last released its quarterly earnings data 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 business had revenue of $299.60 million during the quarter, compared to analyst estimates of $291.17 million. During the same period last year, the company posted $0.21 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

About Hayward

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.