CIBC Bancorp USA Inc. Takes Position in Hayward Holdings, Inc. $HAYW

CIBC Bancorp USA Inc. bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,503,058 shares of the company’s stock, valued at approximately $37,846,000.

Several other institutional investors also recently bought and sold shares of HAYW. Vanguard Group Inc. increased its stake in Hayward by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 20,827,605 shares of the company’s stock worth $314,913,000 after purchasing an additional 1,074,072 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Hayward by 29.0% during the third quarter. JPMorgan Chase & Co. now owns 11,683,580 shares of the company’s stock valued at $176,656,000 after purchasing an additional 2,627,348 shares during the period. Wellington Management Group LLP grew its holdings in shares of Hayward by 9.1% in the third quarter. Wellington Management Group LLP now owns 7,546,816 shares of the company’s stock worth $114,108,000 after purchasing an additional 627,866 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hayward by 4.1% in the third quarter. Victory Capital Management Inc. now owns 6,830,474 shares of the company’s stock worth $103,277,000 after purchasing an additional 271,402 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Hayward by 3.3% in the third quarter. American Century Companies Inc. now owns 6,650,091 shares of the company’s stock worth $100,549,000 after buying an additional 211,075 shares during the period.

Insider Activity

In related news, CEO Kevin Holleran sold 52,389 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $15.73, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eifion Jones sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $14.57, for a total transaction of $218,550.00. Following the completion of the sale, the chief financial officer owned 316,100 shares of the company’s stock, valued at $4,605,577. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 172,168 shares of company stock valued at $2,721,189. Corporate insiders own 5.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hayward Price Performance

Shares of Hayward stock opened at $14.27 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.59. The company has a market cap of $3.10 billion, a PE ratio of 20.98, a P/E/G ratio of 1.43 and a beta of 1.13. The business has a 50 day moving average of $15.98 and a 200 day moving average of $15.81. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $17.73.

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

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.