Neo Ivy Capital Management Invests $209,000 in Hayward Holdings, Inc. $HAYW

Neo Ivy Capital Management acquired a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the second quarter, Holdings Channel.com reports. The fund acquired 15,164 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in Hayward by 1.7% during the 2nd quarter. Amalgamated Bank now owns 43,996 shares of the company’s stock valued at $607,000 after acquiring an additional 724 shares during the period. Pacer Advisors Inc. lifted its position in shares of Hayward by 9.5% during the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company’s stock worth $155,000 after purchasing an additional 969 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Hayward by 2.0% during the second quarter. Yousif Capital Management LLC now owns 53,670 shares of the company’s stock worth $741,000 after purchasing an additional 1,049 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Hayward by 28.9% in the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock valued at $91,000 after purchasing an additional 1,472 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Hayward by 5.5% in the second quarter. Teacher Retirement System of Texas now owns 31,148 shares of the company’s stock valued at $430,000 after purchasing an additional 1,613 shares in the last quarter.

Hayward Stock Up 2.9%

Shares of Hayward stock opened at $15.55 on Friday. The company has a quick ratio of 2.31, a current ratio of 3.18 and a debt-to-equity ratio of 0.62. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $17.73. The company has a market capitalization of $3.37 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.63 and a beta of 1.12. The company has a 50 day moving average of $15.51 and a 200 day moving average of $15.04.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $244.34 million for the quarter, compared to the consensus estimate of $231.46 million. Hayward had a net margin of 12.54% and a return on equity of 11.24%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. Hayward has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HAYW shares. Zacks Research upgraded shares of Hayward from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Stifel Nicolaus upped their price objective on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insiders Place Their Bets

In other news, CFO Eifion Jones sold 25,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $17.50, for a total value of $437,500.00. Following the transaction, the chief financial officer owned 287,231 shares in the company, valued at approximately $5,026,542.50. This represents a 8.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin Holleran sold 60,571 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $16.74, for a total value of $1,013,958.54. Following the sale, the chief executive officer directly owned 623,540 shares in the company, valued at $10,438,059.60. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 146,142 shares of company stock worth $2,369,715. 5.06% of the stock is owned by insiders.

About Hayward

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.