Legal & General Group Plc Buys New Stake in Hayward Holdings, Inc. $HAYW

Legal & General Group Plc bought a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 482,844 shares of the company’s stock, valued at approximately $8,358,000. Legal & General Group Plc owned about 0.23% of Hayward as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of HAYW. BlackRock Inc. acquired a new position in shares of Hayward in the second quarter valued at approximately $422,455,000. Vanguard Group Inc. boosted its position in Hayward by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,933,077 shares of the company’s stock worth $323,416,000 after acquiring an additional 105,472 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Hayward by 2.0% in the 4th quarter. JPMorgan Chase & Co. now owns 11,911,977 shares of the company’s stock worth $184,040,000 after acquiring an additional 228,397 shares during the period. Fiduciary Management Inc. WI grew its stake in 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. Finally, Wellington Management Group LLP raised its holdings in Hayward by 9.1% in the 3rd 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 during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. The Goldman Sachs Group reissued a “neutral” rating on shares of Hayward in a research report on Wednesday, July 29th. Cantor Fitzgerald restated a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Finally, Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.50.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $15.31, for a total value of $765,500.00. Following the completion of the sale, the chief executive officer owned 701,234 shares of the company’s stock, valued at $10,735,892.54. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 220,000 shares of company stock valued at $3,692,600. 4.73% of the stock is currently owned by corporate insiders.

Hayward Stock Down 2.6%

HAYW opened at $13.69 on Wednesday. Hayward Holdings, Inc. has a 1 year low of $12.93 and a 1 year high of $17.73. The firm has a 50 day moving average price of $15.33 and a 200 day moving average price of $14.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33. The company has a market cap of $2.90 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm 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%. Hayward’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.87 earnings per share for the current 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.