Vanguard Group Inc. Purchases 677,373 Shares of Hayward Holdings, Inc. $HAYW

Vanguard Group Inc. raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,982,416 shares of the company’s stock after purchasing an additional 677,373 shares during the quarter. Vanguard Group Inc. owned 9.24% of Hayward worth $278,155,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC boosted its holdings in shares of Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after buying an additional 6,696,170 shares during the last quarter. Michael & Susan Dell Foundation boosted its holdings in shares of Hayward by 247.6% during the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock valued at $137,373,000 after purchasing an additional 6,400,000 shares during the last quarter. AQR Capital Management LLC grew its holdings in Hayward by 456.1% during the 4th quarter. AQR Capital Management LLC now owns 2,671,523 shares of the company’s stock valued at $40,848,000 after buying an additional 2,191,160 shares in the last quarter. Trigran Investments Inc. grew its holdings in shares of Hayward by 75.8% in 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Hayward by 107.7% in the 4th quarter. Ameriprise Financial Inc. now owns 1,982,822 shares of the company’s stock worth $30,317,000 after buying an additional 1,028,303 shares during the last quarter.

Hayward Stock Performance

NYSE:HAYW opened at $15.89 on Monday. The stock’s fifty day moving average is $14.62 and its 200 day moving average is $14.07. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The firm has a market capitalization of $3.44 billion, a PE ratio of 27.40, a PEG ratio of 2.41 and a beta of 1.13. 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 posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $291.17 million. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other news, CFO Eifion Jones sold 20,000 shares of the company’s 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 of the company’s stock, valued at $4,739,311.50. This represents a 6.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction on 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 in the company, valued at $9,521,455.80. This represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,142 shares of company stock valued at $2,347,527. Company insiders own 5.06% of the company’s stock.

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.