CI Investments Inc. Trims Stock Position in Hayward Holdings, Inc. $HAYW

CI Investments Inc. trimmed its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 7.3% during the first quarter, Holdings Channel reports. The institutional investor owned 503,577 shares of the company’s stock after selling 39,800 shares during the period. CI Investments Inc.’s holdings in Hayward were worth $6,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Hayward by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 20,933,077 shares of the company’s stock valued at $323,416,000 after purchasing an additional 105,472 shares in the last quarter. JPMorgan Chase & Co. grew its position in Hayward by 2.0% in the 4th quarter. JPMorgan Chase & Co. now owns 11,911,977 shares of the company’s stock valued at $184,040,000 after buying an additional 228,397 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in shares of Hayward by 13.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 9,089,866 shares of the company’s stock worth $140,438,000 after acquiring an additional 1,063,380 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Hayward by 9.1% in the third quarter. Wellington Management Group LLP now owns 7,546,816 shares of the company’s stock valued at $114,108,000 after acquiring an additional 627,866 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hayward by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,453,736 shares of the company’s stock valued at $99,726,000 after acquiring an additional 761,145 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on HAYW shares. Bank of America dropped their target price on Hayward from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Zacks Research cut Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 price target (down from $16.00) on shares of Hayward in a research report on Tuesday, March 31st. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday. Finally, Weiss Ratings lowered Hayward from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Hayward has an average rating of “Hold” and a consensus target price of $17.50.

Insiders Place Their Bets

In related news, SVP Susan M. Canning bought 2,242 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $12.76 per share, for a total transaction of $28,607.92. Following the acquisition, the senior vice president directly owned 103,837 shares of the company’s stock, valued at $1,324,960.12. The trade was a 2.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kevin Holleran sold 120,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $17.28, for a total value of $2,073,600.00. Following the sale, the chief executive officer directly owned 701,234 shares in the company, valued at $12,117,323.52. This trade represents a 14.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 222,389 shares of company stock valued at $3,649,544 in the last quarter. Insiders own 4.73% of the company’s stock.

Hayward Stock Up 1.5%

NYSE HAYW opened at $14.43 on Friday. Hayward Holdings, Inc. has a 12 month low of $12.93 and a 12 month high of $17.73. The company has a market capitalization of $3.13 billion, a P/E ratio of 19.77, a PEG ratio of 1.50 and a beta of 1.07. The company’s 50 day simple moving average is $14.90 and its 200 day simple moving average is $15.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.26 and a quick ratio of 2.47.

Hayward (NYSE:HAYW) last issued its earnings results on Wednesday, April 29th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $255.22 million during the quarter, compared to analysts’ expectations of $239.13 million. Hayward had a net margin of 13.98% and a return on equity of 11.45%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Equities research analysts expect that Hayward Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

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.