MIC Capital Management UK LLP Sells 1,556,573 Shares of Hayward Holdings, Inc. $HAYW

MIC Capital Management UK LLP reduced its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,322,933 shares of the company’s stock after selling 1,556,573 shares during the quarter. Hayward accounts for approximately 29.1% of MIC Capital Management UK LLP’s portfolio, making the stock its largest holding. MIC Capital Management UK LLP’s holdings in Hayward were worth $128,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAYW. JPMorgan Chase & Co. grew its position in Hayward by 29.0% during the third quarter. JPMorgan Chase & Co. now owns 11,683,580 shares of the company’s stock worth $176,656,000 after buying an additional 2,627,348 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Hayward by 327,101.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,565,263 shares of the company’s stock worth $39,633,000 after buying an additional 2,564,479 shares during the period. Focus Partners Wealth grew its position in Hayward by 17,180.8% during the fourth quarter. Focus Partners Wealth now owns 2,576,737 shares of the company’s stock worth $39,811,000 after buying an additional 2,561,826 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Hayward during the third quarter worth about $37,846,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Hayward in the third quarter valued at approximately $30,402,000.

Hayward Stock Down 1.2%

HAYW stock opened at $14.61 on Thursday. The company’s 50 day simple moving average is $14.44 and its 200-day simple moving average is $15.20. The firm has a market capitalization of $3.17 billion, a PE ratio of 20.01, a P/E/G ratio of 1.55 and a beta of 1.12. Hayward Holdings, Inc. has a 12 month low of $12.93 and a 12 month high of $17.73. 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 released its quarterly earnings results on Wednesday, April 29th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $255.22 million for the quarter, compared to analyst estimates of $239.13 million. Hayward had a net margin of 13.98% and a return on equity of 11.45%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Equities analysts expect that Hayward Holdings, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target (down from $16.00) on shares of Hayward in a research report on Tuesday, March 31st. Zacks Research lowered shares of Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered shares of Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Bank of America lowered their price target on shares of Hayward from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $19.50 price target (up from $19.00) on shares of Hayward in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Hayward presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 52,389 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $13.42, for a total transaction of $703,060.38. Following the transaction, the chief executive officer owned 701,234 shares of the company’s stock, valued at approximately $9,410,560.28. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan M. Canning acquired 2,242 shares of Hayward stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $12.76 per share, for a total transaction of $28,607.92. Following the purchase, the senior vice president directly owned 103,837 shares of the company’s stock, valued at approximately $1,324,960.12. This trade represents a 2.21% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 4.73% of the company’s stock.

Hayward Company Profile

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.