Greenhouse Funds LLLP Raises Stake in Hayward Holdings, Inc. $HAYW

Greenhouse Funds LLLP grew its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,848,381 shares of the company’s stock after acquiring an additional 594,547 shares during the quarter. Hayward comprises approximately 3.2% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 14th biggest position. Greenhouse Funds LLLP owned about 2.70% of Hayward worth $88,428,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Covestor Ltd boosted its position in shares of Hayward by 10,452.9% during the 3rd quarter. Covestor Ltd now owns 1,794 shares of the company’s stock valued at $27,000 after acquiring an additional 1,777 shares during the last quarter. Steph & Co. acquired a new stake in Hayward during the third quarter worth about $41,000. EverSource Wealth Advisors LLC raised its stake in Hayward by 149.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock worth $65,000 after purchasing an additional 2,814 shares during the period. Harbor Investment Advisory LLC raised its stake in Hayward by 19.3% during the third quarter. Harbor Investment Advisory LLC now owns 7,842 shares of the company’s stock worth $119,000 after purchasing an additional 1,271 shares during the period. Finally, Fieldview Capital Management LLC acquired a new position in Hayward in the 3rd quarter valued at about $154,000.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings upgraded Hayward from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Bank of America upgraded Hayward from an “underperform” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, March 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.50 price target (up from $19.00) on shares of Hayward in a research note on Thursday, February 26th. Finally, Zacks Research upgraded Hayward from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Hayward currently has a consensus rating of “Buy” and an average price target of $19.25.

Insider Buying and Selling

In other Hayward news, CFO Eifion Jones sold 15,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $14.57, for a total transaction of $218,550.00. Following the sale, the chief financial officer directly owned 316,100 shares in the company, valued at $4,605,577. This represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin Holleran sold 52,389 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $15.73, for a total transaction of $824,078.97. Following the completion of the transaction, the chief executive officer directly owned 748,540 shares of the company’s stock, valued at $11,774,534.20. This represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 172,168 shares of company stock worth $2,721,189. 5.06% of the stock is owned by company insiders.

Hayward Stock Performance

Shares of Hayward stock opened at $14.53 on Thursday. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.94 and a quick ratio of 2.29. The business has a 50-day moving average of $16.10 and a 200 day moving average of $15.87. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $17.73.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Hayward had a net margin of 13.51% and a return on equity of 11.27%. The company had revenue of $349.38 million for the quarter, compared to analyst estimates of $332.84 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Hayward has set its FY 2026 guidance at 0.820-0.860 EPS. As a group, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Hayward 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.