Citigroup Inc. Buys 132,927 Shares of Hayward Holdings, Inc. $HAYW

Citigroup Inc. increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 78.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 302,755 shares of the company’s stock after acquiring an additional 132,927 shares during the quarter. Citigroup Inc. owned about 0.14% of Hayward worth $4,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hayward by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 20,827,605 shares of the company’s stock worth $314,913,000 after purchasing an additional 1,074,072 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hayward by 29.0% in the third quarter. JPMorgan Chase & Co. now owns 11,683,580 shares of the company’s stock worth $176,656,000 after purchasing an additional 2,627,348 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Hayward by 59.8% in the third quarter. Public Sector Pension Investment Board now owns 777,708 shares of the company’s stock worth $11,759,000 after buying an additional 291,069 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Hayward by 1.2% during the third quarter. Illinois Municipal Retirement Fund now owns 76,598 shares of the company’s stock valued at $1,158,000 after buying an additional 886 shares during the last quarter. Finally, ING Groep NV purchased a new position in Hayward during the 3rd quarter valued at approximately $1,001,000.

Insider Activity

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $16.13, for a total transaction of $977,010.23. Following the completion of the transaction, the chief executive officer owned 623,540 shares in the company, valued at $10,057,700.20. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 165,350 shares of company stock worth $2,655,570 in the last ninety days. 5.06% of the stock is owned by insiders.

Hayward Stock Down 2.4%

NYSE HAYW opened at $15.59 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.59. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $17.73. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.14 and a beta of 1.13. The company has a fifty day moving average of $16.21 and a two-hundred day moving average of $15.92.

Hayward (NYSE:HAYW) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Hayward had a net margin of 13.51% and a return on equity of 11.27%. The business had revenue of $349.38 million for the quarter, compared to the consensus estimate of $332.84 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.820-0.860 EPS. On average, analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

HAYW has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.50 price objective (up from $19.00) on shares of Hayward in a report on Thursday, February 26th. Zacks Research downgraded shares of Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings upgraded shares of Hayward from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Hayward Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.