Jennison Associates LLC Has $64.21 Million Stake in Hayward Holdings, Inc. $HAYW

Jennison Associates LLC increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 1.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,798,842 shares of the company’s stock after acquiring an additional 90,733 shares during the quarter. Jennison Associates LLC’s holdings in Hayward were worth $64,209,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HAYW. Hantz Financial Services Inc. increased its holdings in shares of Hayward by 80.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock valued at $32,000 after purchasing an additional 916 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hayward by 82.4% during the 4th quarter. GAMMA Investing LLC now owns 2,183 shares of the company’s stock worth $34,000 after buying an additional 986 shares in the last quarter. IFP Advisors Inc lifted its holdings in Hayward by 103.9% during the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company’s stock worth $38,000 after buying an additional 1,265 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Hayward in the 4th quarter valued at $39,000. Finally, Farther Finance Advisors LLC boosted its position in Hayward by 669.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,716 shares of the company’s stock valued at $57,000 after buying an additional 3,233 shares during the last quarter.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $17.28, for a total transaction of $2,073,600.00. Following the completion of the transaction, the chief executive officer owned 701,234 shares in the company, valued at approximately $12,117,323.52. The trade was a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan M. Canning acquired 2,242 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $12.76 per share, with a total value of $28,607.92. Following the acquisition, the senior vice president owned 103,837 shares of the company’s stock, valued at approximately $1,324,960.12. This trade represents a 2.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 222,389 shares of company stock worth $3,649,544 in the last three months. 4.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HAYW has been the subject of a number of recent research reports. Bank of America dropped their target price on Hayward from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target (down from $16.00) on shares of Hayward in a report on Tuesday, March 31st. Zacks Research lowered Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Finally, Weiss Ratings cut Hayward from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.50.

Hayward Trading Down 0.0%

NYSE:HAYW opened at $14.36 on Monday. The company has a current ratio of 3.26, a quick ratio of 2.47 and a debt-to-equity ratio of 0.58. Hayward Holdings, Inc. has a 1-year low of $12.93 and a 1-year high of $17.73. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.51 and a beta of 1.07. The business’s 50-day moving average price is $14.89 and its two-hundred day moving average price is $15.18.

Hayward (NYSE:HAYW) last posted its earnings results on Wednesday, April 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $255.22 million during the quarter, compared to analyst estimates of $239.13 million. Hayward had a return on equity of 11.45% and a net margin of 13.98%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. On average, equities analysts expect that Hayward Holdings, Inc. will post 0.85 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.