Savant Capital LLC Sells 55,284 Shares of Hayward Holdings, Inc. $HAYW
Savant Capital LLC reduced its stake in Hayward Holdings, Inc. by 72.1% in Q2, selling 55,284 shares. The firm now holds 21,396 shares worth $295,000. Other institutional investors also adjusted their positions. Analysts have mixed ratings on Hayward, with a consensus target price of $18.00. Hayward's stock opened at $15.28, with a market cap of $3.31 billion. The company reported Q3 earnings of $0.14 per share, beating estimates, with revenue up 7.3% year-over-year.
Savant Capital LLC lessened its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 72.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,396 shares of the company's stock after selling 55,284 shares during the quarter. Savant Capital LLC's holdings in Hayward were worth $295,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in Hayward by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 883,031 shares of the company's stock worth $12,186,000 after purchasing an additional 10,273 shares during the period. Amalgamated Bank lifted its stake in shares of Hayward by 1.7% in the second quarter. Amalgamated Bank now owns 43,996 shares of the company's stock worth $607,000 after buying an additional 724 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Hayward by 10.9% in the second quarter. Keybank National Association OH now owns 57,422 shares of the company's stock worth $792,000 after buying an additional 5,647 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Hayward by 12.7% during the 2nd quarter. Jennison Associates LLC now owns 4,030,965 shares of the company's stock worth $55,627,000 after buying an additional 455,555 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in Hayward by 5.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,148 shares of the company's stock valued at $430,000 after buying an additional 1,613 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Zacks Research raised shares of Hayward from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 22nd. Stifel Nicolaus raised their target price on Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hayward in a research report on Monday. 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.00.
Get Our Latest Research Report on Hayward
Hayward Stock Down 0.0%
Shares of HAYW stock opened at $15.28 on Wednesday. The stock has a fifty day moving average price of $15.54 and a 200 day moving average price of $15.02. The stock has a market cap of $3.31 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.61 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 company has a debt-to-equity ratio of 0.62, a current ratio of 3.18 and a quick ratio of 2.31.
Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $244.34 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $0.11 earnings per share. Hayward has set its FY 2025 guidance at EPS. Analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $15.16, for a total transaction of $918,256.36. Following the completion of the transaction, the chief executive officer owned 623,540 shares in the company, valued at $9,452,866.40. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eifion Jones sold 25,000 shares of the business's stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $17.50, for a total value of $437,500.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 146,142 shares of company stock valued at $2,369,715. 5.06% of the stock is currently owned by insiders.
About Hayward
(Free Report)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.
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