KLP Kapitalforvaltning AS Increases Position in Hayward Holdings, Inc. $HAYW

KLP Kapitalforvaltning AS lifted its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,700 shares of the company’s stock after purchasing an additional 6,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Hayward were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HAYW. Fiduciary Management Inc. WI increased its stake in shares of Hayward by 63.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company’s stock valued at $93,402,000 after purchasing an additional 2,592,926 shares in the last quarter. Greenhouse Funds LLLP raised its position in shares of 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 during the last quarter. AQR Capital Management LLC raised its position in shares of Hayward by 36.0% during the 1st quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company’s stock worth $49,094,000 after purchasing an additional 962,402 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Hayward by 34,359.7% during the 1st quarter. MetLife Investment Management LLC now owns 862,871 shares of the company’s stock worth $12,011,000 after purchasing an additional 860,367 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Hayward during the 1st quarter worth about $11,821,000.

Hayward Stock Performance

Hayward stock opened at $15.23 on Friday. The firm has a 50 day simple moving average of $15.58 and a 200-day simple moving average of $14.45. 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 current ratio of 2.84 and a quick ratio of 2.06. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Hayward in a research report on Tuesday. Stifel Nicolaus upped their price target on shares of Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Hayward currently has an average rating of “Hold” and a consensus target price of $17.50.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total value of $330,000.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $15.16, for a total transaction of $918,256.36. Following the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at $9,452,866.40. The trade was a 8.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 156,142 shares of company stock valued at $2,405,676. Corporate insiders own 5.06% of the company’s stock.

Hayward 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.