State of Alaska Department of Revenue Raises Holdings in Hayward Holdings, Inc. $HAYW

State of Alaska Department of Revenue boosted its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 7.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,039 shares of the company’s stock after buying an additional 6,258 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hayward were worth $1,172,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of HAYW. Fiduciary Management Inc. WI raised its holdings in shares of Hayward by 63.0% in the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company’s stock worth $93,402,000 after acquiring an additional 2,592,926 shares during the last quarter. Greenhouse Funds LLLP increased its position in Hayward by 43.4% during the 1st quarter. Greenhouse Funds LLLP now owns 4,589,097 shares of the company’s stock worth $63,880,000 after purchasing an additional 1,389,434 shares in the last quarter. AQR Capital Management LLC raised its stake in Hayward by 36.0% in the 1st quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company’s stock valued at $49,094,000 after purchasing an additional 962,402 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Hayward by 34,359.7% in the 1st quarter. MetLife Investment Management LLC now owns 862,871 shares of the company’s stock valued at $12,011,000 after purchasing an additional 860,367 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Hayward in the 1st quarter valued at about $11,821,000.

Insiders Place Their Bets

In other Hayward news, 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 of the company’s stock, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total value of $330,000.00. Following the sale, the chief financial officer owned 287,231 shares of the company’s stock, valued at $4,739,311.50. This represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,142 shares of company stock worth $2,405,676 in the last quarter. 5.06% of the stock is owned by insiders.

Hayward Price Performance

Hayward stock opened at $15.47 on Friday. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. 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 50 day moving average price of $15.59 and a 200 day moving average price of $14.36. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.33 and a beta of 1.11.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The company had revenue of $299.60 million for the quarter, compared to analyst estimates of $291.17 million. During the same quarter last year, the business earned $0.21 EPS. Hayward’s revenue for the quarter was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.50.

Hayward Company 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.