Legal & General Group Plc Invests $8.36 Million in Hayward Holdings, Inc. $HAYW

Legal & General Group Plc acquired a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 482,844 shares of the company’s stock, valued at approximately $8,358,000.

A number of other hedge funds have also made changes to their positions in HAYW. BlackRock Inc. bought a new stake in Hayward during the second quarter worth approximately $422,455,000. Northwestern Mutual Wealth Management Co. boosted its stake in Hayward by 327,101.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,565,263 shares of the company’s stock valued at $39,633,000 after purchasing an additional 2,564,479 shares in the last quarter. Focus Partners Wealth boosted its stake in Hayward by 17,180.8% during the 4th quarter. Focus Partners Wealth now owns 2,576,737 shares of the company’s stock valued at $39,811,000 after purchasing an additional 2,561,826 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Hayward by 66.8% during the 4th quarter. AQR Capital Management LLC now owns 4,191,014 shares of the company’s stock valued at $64,751,000 after purchasing an additional 1,678,955 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Hayward in the 2nd quarter worth $28,916,000.

Hayward Trading Down 2.6%

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

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Hayward had a return on equity of 11.61% and a net margin of 13.83%.The firm had revenue of $318.38 million for the quarter, compared to the consensus estimate of $303.35 million. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Sell-side analysts forecast that Hayward Holdings, Inc. will post 0.87 earnings per share for the current year.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 in the company, valued at approximately $10,735,892.54. This represents a 6.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 220,000 shares of company stock worth $3,692,600 in the last quarter. 4.73% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Hayward in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

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.