AlphaQuest LLC Trims Holdings in Hayward Holdings, Inc. $HAYW

AlphaQuest LLC trimmed its position in Hayward Holdings, Inc. (NYSE:HAYW) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,352 shares of the company’s stock after selling 3,216 shares during the quarter. AlphaQuest LLC’s holdings in Hayward were worth $198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAYW. Harbor Investment Advisory LLC increased its holdings in Hayward by 28.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock worth $91,000 after acquiring an additional 1,472 shares in the last quarter. KBC Group NV increased 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 in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in Hayward in the 1st quarter worth approximately $150,000. EntryPoint Capital LLC purchased a new stake in Hayward in the 1st quarter worth approximately $153,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Hayward in the 2nd quarter worth approximately $153,000.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CFO Eifion Jones sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $17.50, for a total transaction of $437,500.00. Following the completion of the transaction, the chief financial officer directly owned 287,231 shares in the company, valued at approximately $5,026,542.50. This represents a 8.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $15.16, for a total value of $918,256.36. Following the transaction, the chief executive officer owned 623,540 shares of the company’s stock, valued at $9,452,866.40. This represents a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,571 shares of company stock valued at $1,685,756 over the last quarter. Corporate insiders own 5.06% of the company’s stock.

Hayward Stock Down 1.4%

NYSE HAYW opened at $16.98 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 3.18. The company has a market capitalization of $3.68 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.78 and a beta of 1.12. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $17.73. The stock has a 50 day moving average price of $15.58 and a 200-day moving average price of $14.76.

Hayward (NYSE:HAYW) last posted its earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $244.34 million during the quarter, compared to the consensus estimate of $231.46 million. Hayward had a return on equity of 11.24% and a net margin of 12.54%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. Hayward has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

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.