Equitable Holdings Inc. Acquires New Stake in Hayward Holdings, Inc. $HAYW

Equitable Holdings Inc. bought a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 45,000 shares of the company’s stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Hayward during the second quarter worth about $4,264,000. Corient Private Wealth LP bought a new stake in Hayward in the second quarter valued at approximately $2,614,000. Bank of America Corp DE bought a new stake in Hayward in the second quarter valued at approximately $33,306,000. Freestone Grove Partners LP acquired a new stake in Hayward during the 2nd quarter valued at approximately $117,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Hayward during the 2nd quarter valued at approximately $5,306,000.

Hayward Price Performance

Hayward stock opened at $14.16 on Friday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.30 and a beta of 1.09. Hayward Holdings, Inc. has a 52-week low of $12.93 and a 52-week high of $17.73. The stock’s 50 day moving average price is $15.37 and its two-hundred day moving average price is $14.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $318.38 million for the quarter, compared to analysts’ expectations of $303.35 million. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. On average, equities analysts predict that Hayward Holdings, Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 120,000 shares of Hayward stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $17.28, for a total transaction of $2,073,600.00. Following the transaction, the chief executive officer owned 701,234 shares of the company’s stock, valued at $12,117,323.52. The trade was a 14.61% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 272,389 shares of company stock worth $4,415,044. 4.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HAYW. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Hayward in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.50.

About Hayward

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.