Cwm LLC Lowers Stock Holdings in Hayward Holdings, Inc. $HAYW

Cwm LLC lowered its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 39.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,266 shares of the company’s stock after selling 37,881 shares during the quarter. Cwm LLC’s holdings in Hayward were worth $790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC lifted its position in shares of Hayward by 28.9% in the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock valued at $91,000 after acquiring an additional 1,472 shares in the last quarter. KBC Group NV increased its stake in Hayward by 51.1% during the first quarter. KBC Group NV now owns 9,584 shares of the company’s stock worth $133,000 after acquiring an additional 3,241 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in Hayward during the first quarter worth $150,000. EntryPoint Capital LLC acquired a new stake in Hayward during the first quarter worth $153,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Hayward in the second quarter valued at $153,000.

Hayward Stock Performance

HAYW opened at $15.07 on Thursday. The stock has a market cap of $3.26 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.36 and a beta of 1.11. 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’s 50 day simple moving average is $15.56 and its 200 day simple moving average is $14.50. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87.

Hayward (NYSE:HAYW) last posted its earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $299.60 million for the quarter, compared to analyst estimates of $291.17 million. During the same quarter in the prior year, the company earned $0.21 EPS. Hayward’s revenue was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HAYW shares. Stifel Nicolaus boosted their target price on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hayward in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.50.

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $15.27, for a total value of $924,919.17. Following the completion of the sale, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eifion Jones sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were 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 a total of 156,142 shares of company stock worth $2,405,676 over the last ninety days. Corporate 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.