Police & Firemen s Retirement System of New Jersey Acquires 23,578 Shares of Hayward Holdings, Inc. $HAYW

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 46.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,651 shares of the company’s stock after acquiring an additional 23,578 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Hayward were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC raised its stake in Hayward by 28.9% in the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock valued at $91,000 after purchasing an additional 1,472 shares in the last quarter. Brighton Jones LLC purchased a new position in Hayward in the 2nd quarter worth approximately $146,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Hayward in the 1st quarter worth $150,000. EntryPoint Capital LLC purchased a new stake in shares of Hayward during the 1st quarter valued at $153,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Hayward during the 2nd quarter valued at $153,000.

Hayward Stock Up 2.9%

HAYW opened at $15.55 on Friday. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $17.73. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $15.51 and its 200-day moving average price is $15.04. The company has a market cap of $3.37 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.59 and a beta of 1.12.

Hayward (NYSE:HAYW) last issued its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Hayward had a return on equity of 11.24% and a net margin of 12.54%.The company had revenue of $244.34 million during the quarter, compared to analysts’ expectations of $231.46 million. During the same period in the prior year, the business posted $0.11 EPS. Hayward’s quarterly revenue was up 7.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. On average, equities analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HAYW. Zacks Research upgraded shares of Hayward from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus lifted their price target on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 60,571 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $16.74, for a total value of $1,013,958.54. Following the transaction, the chief executive officer owned 623,540 shares in the company, valued at approximately $10,438,059.60. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eifion Jones sold 25,000 shares of Hayward stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $17.50, for a total transaction of $437,500.00. Following the completion of the transaction, the chief financial officer directly owned 287,231 shares in the company, valued at approximately $5,026,542.50. The trade was a 8.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 146,142 shares of company stock valued at $2,369,715. Insiders own 5.06% of the company’s stock.

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.