Hayward Holdings, Inc. (NYSE:HAYW – Free Report) – William Blair cut their Q2 2023 earnings per share (EPS) estimates for shares of Hayward in a report issued on Tuesday, July 18th. William Blair analyst R. Merkel now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior estimate of $0.18. The consensus estimate for Hayward’s current full-year earnings is $0.56 per share. William Blair also issued estimates for Hayward’s FY2023 earnings at $0.55 EPS.
Hayward (NYSE:HAYW – Get Free Report) last released its earnings results on Thursday, May 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Hayward had a return on equity of 12.20% and a net margin of 10.21%. The company had revenue of $210.14 million during the quarter, compared to analyst estimates of $204.13 million. During the same period in the prior year, the company posted $0.34 earnings per share. Hayward’s quarterly revenue was down 48.8% on a year-over-year basis.
Hayward Price Performance
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. lifted its stake in Hayward by 16.7% in the first quarter. Advisor Group Holdings Inc. now owns 12,876 shares of the company’s stock worth $212,000 after purchasing an additional 1,844 shares during the last quarter. BlackRock Inc. lifted its stake in Hayward by 7.6% in the first quarter. BlackRock Inc. now owns 1,842,041 shares of the company’s stock worth $30,617,000 after purchasing an additional 129,777 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Hayward in the first quarter worth about $304,000. Blair William & Co. IL raised its stake in shares of Hayward by 30.8% during the first quarter. Blair William & Co. IL now owns 46,828 shares of the company’s stock valued at $778,000 after acquiring an additional 11,020 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Hayward by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,257,039 shares of the company’s stock valued at $120,612,000 after acquiring an additional 30,762 shares in the last quarter.
Insiders Place Their Bets
In related news, CFO Eifion Jones sold 34,620 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $13.59, for a total transaction of $470,485.80. Following the transaction, the chief financial officer now owns 211,862 shares in the company, valued at approximately $2,879,204.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Eifion Jones sold 34,620 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $13.59, for a total value of $470,485.80. Following the transaction, the chief financial officer now directly owns 211,862 shares of the company’s stock, valued at approximately $2,879,204.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur L. Soucy sold 15,712 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $10.65, for a total value of $167,332.80. Following the transaction, the director now directly owns 8,891 shares in the company, valued at $94,689.15. The disclosure for this sale can be found here. Insiders have sold a total of 15,749,429 shares of company stock worth $185,202,241 over the last 90 days. Corporate insiders own 3.20% 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.
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