Jacobs Levy Equity Management Inc. Has $2.14 Million Stake in Hayward Holdings, Inc. $HAYW

Jacobs Levy Equity Management Inc. decreased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,512 shares of the company’s stock after selling 6,634 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Hayward were worth $2,137,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HAYW. The Manufacturers Life Insurance Company boosted its holdings in Hayward by 4.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company’s stock worth $515,000 after purchasing an additional 1,550 shares during the last quarter. Jane Street Group LLC acquired a new position in Hayward during the fourth quarter worth $538,000. Mercer Global Advisors Inc. ADV boosted its holdings in Hayward by 71.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,671 shares of the company’s stock worth $316,000 after purchasing an additional 8,607 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Hayward by 107.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,982,822 shares of the company’s stock worth $30,317,000 after purchasing an additional 1,028,303 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Hayward during the fourth quarter worth $540,000.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their target price on shares of Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Hayward has a consensus rating of “Hold” and an average target price of $17.50.

Insider Activity

In other news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $15.27, for a total value of $924,919.17. Following the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at $9,521,455.80. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eifion Jones sold 20,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer directly owned 287,231 shares in the company, valued at $4,739,311.50. The trade was a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,142 shares of company stock worth $2,347,527 over the last three months. Insiders own 5.06% of the company’s stock.

Hayward Price Performance

Shares of HAYW opened at $15.71 on Thursday. The firm has a market capitalization of $3.40 billion, a PE ratio of 27.08, a PEG ratio of 2.36 and a beta of 1.13. The company’s 50-day moving average is $15.41 and its 200-day moving average is $14.27. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.84 and a quick ratio of 2.06.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $299.60 million for the quarter, compared to analyst estimates of $291.17 million. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Hayward has set its FY 2025 guidance at EPS. Equities analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current 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.