Sendero Wealth Management LLC Acquires 8,746 Shares of Hayward Holdings, Inc. $HAYW

Sendero Wealth Management LLC grew its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 21.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,515 shares of the company’s stock after buying an additional 8,746 shares during the quarter. Sendero Wealth Management LLC’s holdings in Hayward were worth $683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HAYW. Vanguard Group Inc. raised its stake in shares of Hayward by 3.5% in the first quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company’s stock worth $278,155,000 after acquiring an additional 677,373 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in Hayward by 63.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company’s stock worth $93,402,000 after purchasing an additional 2,592,926 shares during the last quarter. Greenhouse Funds LLLP lifted its holdings in Hayward by 43.4% in the first quarter. Greenhouse Funds LLLP now owns 4,589,097 shares of the company’s stock valued at $63,880,000 after buying an additional 1,389,434 shares during the period. AQR Capital Management LLC boosted its position in shares of Hayward by 36.0% in the 1st quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company’s stock worth $49,094,000 after purchasing an additional 962,402 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Hayward by 5.8% during the 1st quarter. Jennison Associates LLC now owns 3,575,410 shares of the company’s stock worth $49,770,000 after buying an additional 194,543 shares during the period.

Insider Buying and Selling

In other news, CFO Eifion Jones sold 20,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer directly owned 287,231 shares in the company, valued at $4,739,311.50. This represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $15.16, for a total value of $918,256.36. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $9,452,866.40. This trade represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,142 shares of company stock valued at $2,405,676 in the last three months. Insiders own 5.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HAYW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a research note on Saturday, September 27th. Stifel Nicolaus boosted their price target on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.50.

Hayward Price Performance

Shares of NYSE:HAYW opened at $15.47 on Monday. The firm has a 50 day moving average of $15.59 and a 200-day moving average of $14.36. The company has a current ratio of 2.84, a quick ratio of 2.06 and a debt-to-equity ratio of 0.63. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87. The stock has a market capitalization of $3.35 billion, a PE ratio of 26.66, a PEG ratio of 2.33 and a beta of 1.11.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $299.60 million during the quarter, compared to the consensus estimate of $291.17 million. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Hayward Company Profile

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.