Mutual of America Capital Management LLC Decreases Stock Position in Hayward Holdings, Inc. $HAYW

Mutual of America Capital Management LLC reduced its position in Hayward Holdings, Inc. (NYSE:HAYW) by 11.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,338 shares of the company’s stock after selling 2,367 shares during the period. Mutual of America Capital Management LLC’s holdings in Hayward were worth $253,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV raised its holdings in Hayward by 51.1% in the 1st 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. Principal Financial Group Inc. raised its holdings in Hayward by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 706,002 shares of the company’s stock worth $9,828,000 after acquiring an additional 16,522 shares during the last quarter. Cerity Partners LLC raised its holdings in Hayward by 0.9% in the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company’s stock worth $1,381,000 after acquiring an additional 869 shares during the last quarter. Northern Trust Corp raised its holdings in Hayward by 4.0% in the 1st quarter. Northern Trust Corp now owns 1,758,987 shares of the company’s stock worth $24,485,000 after acquiring an additional 67,218 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Hayward by 48.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,142,307 shares of the company’s stock worth $15,901,000 after acquiring an additional 373,668 shares during the last quarter.

Hayward Trading Up 11.8%

Shares of HAYW stock opened at $17.14 on Thursday. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $17.65. The firm has a fifty day moving average price of $15.54 and a 200-day moving average price of $14.67. 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 company has a market cap of $3.72 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.19 and a beta of 1.11.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The firm had revenue of $244.34 million during the quarter, compared to the consensus estimate of $231.46 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the transaction, the chief financial officer owned 287,231 shares in the company, valued at approximately $4,739,311.50. The trade was a 6.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction, the chief executive officer owned 623,540 shares in the company, valued at approximately $9,521,455.80. This trade represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 141,142 shares of company stock worth $2,173,176. 5.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HAYW shares. Stifel Nicolaus boosted their price objective on shares of Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Zacks Research upgraded shares of Hayward from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hayward in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hayward has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.