JPMorgan Chase & Co. Boosts Holdings in Hayward Holdings, Inc. $HAYW

JPMorgan Chase & Co. boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 17.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,056,232 shares of the company’s stock after acquiring an additional 1,330,482 shares during the quarter. JPMorgan Chase & Co. owned about 4.18% of Hayward worth $124,976,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Fiduciary Management Inc. WI raised its position in Hayward by 63.0% in the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company’s stock valued at $93,402,000 after purchasing an additional 2,592,926 shares during the period. Greenhouse Funds LLLP increased its holdings in Hayward by 43.4% during the 1st quarter. Greenhouse Funds LLLP now owns 4,589,097 shares of the company’s stock worth $63,880,000 after purchasing an additional 1,389,434 shares during the period. AQR Capital Management LLC raised its holdings in Hayward by 36.0% in the first quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company’s stock valued at $49,094,000 after acquiring an additional 962,402 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Hayward by 34,359.7% in the 1st quarter. MetLife Investment Management LLC now owns 862,871 shares of the company’s stock valued at $12,011,000 after purchasing an additional 860,367 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Hayward in the first quarter valued at $11,821,000.

Hayward Stock Up 0.4%

HAYW opened at $16.58 on Thursday. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $17.73. 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 business’s fifty day moving average is $15.56 and its two-hundred day moving average is $15.09. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.73 and a beta of 1.12.

Hayward (NYSE:HAYW) last posted its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 net margin of 12.54% and a return on equity of 11.24%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Hayward has set its FY 2025 guidance at EPS. Analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Eifion Jones sold 25,000 shares of Hayward stock in a transaction dated 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 sale, the chief financial officer owned 287,231 shares in the company, valued at approximately $5,026,542.50. This trade represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $16.74, for a total transaction of $1,013,958.54. Following the sale, the chief executive officer owned 623,540 shares of the company’s stock, valued at approximately $10,438,059.60. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 146,142 shares of company stock worth $2,369,715. Corporate insiders own 5.06% of the company’s stock.

Wall Street Analysts Forecast Growth

HAYW has been the subject of several recent analyst reports. Zacks Research upgraded shares of Hayward from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a research note on Monday. Finally, Stifel Nicolaus raised their target price on shares of Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat, Hayward has a consensus rating of “Moderate Buy” and a consensus price target 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.