Michael & Susan Dell Foundation acquired a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,584,492 shares of the company's stock, valued at approximately $39,646,000. Hayward accounts for about 2.8% of Michael & Susan Dell Foundation's portfolio, making the stock its 4th largest holding. Michael & Susan Dell Foundation owned about 1.20% of Hayward at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of HAYW. Jane Street Group LLC grew its stake in Hayward by 241.0% in the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company's stock valued at $9,312,000 after acquiring an additional 429,851 shares during the period. WCM Investment Management LLC grew its position in shares of Hayward by 2.2% in the third quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company's stock valued at $31,152,000 after purchasing an additional 43,222 shares during the period. Victory Capital Management Inc. increased its stake in shares of Hayward by 4.6% during the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company's stock worth $62,616,000 after purchasing an additional 222,311 shares in the last quarter. Jade Capital Advisors LLC acquired a new position in shares of Hayward during the 3rd quarter worth about $2,301,000. Finally, Squarepoint Ops LLC lifted its stake in Hayward by 85.4% in the 2nd quarter. Squarepoint Ops LLC now owns 293,220 shares of the company's stock valued at $3,607,000 after buying an additional 135,027 shares in the last quarter.
HAYW has been the subject of several research reports. Stifel Nicolaus boosted their price objective on Hayward from $15.50 to $16.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their price objective on Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on Hayward from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, KeyCorp upped their target price on shares of Hayward from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.80.
Read Our Latest Research Report on HAYW
In other Hayward news, CFO Eifion Jones sold 75,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the sale, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,857 shares of company stock worth $3,416,677. 3.25% of the stock is currently owned by insiders.
Shares of HAYW opened at $16.16 on Friday. Hayward Holdings, Inc. has a 52-week low of $11.55 and a 52-week high of $16.87. The company has a market capitalization of $3.48 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. The stock has a fifty day simple moving average of $15.52 and a two-hundred day simple moving average of $14.36. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70.
Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $227.57 million during the quarter, compared to analysts' expectations of $222.88 million. During the same quarter last year, the firm earned $0.08 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Hayward Holdings, Inc. will post 0.61 EPS for the current year.
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.
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