Michael & Susan Dell Foundation Acquires Shares of 2,584,492 Hayward Holdings, Inc. (NYSE:HAYW)

Michael & Susan Dell Foundation acquired a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the 3rd quarter, HoldingsChannel.com reports. 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 holdings, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Hayward by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,048 shares of the company’s stock worth $996,000 after acquiring an additional 4,158 shares during the last quarter. Jane Street Group LLC grew its position in Hayward by 241.0% during the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock worth $9,312,000 after purchasing an additional 429,851 shares during the last quarter. SG Americas Securities LLC increased its stake in Hayward by 32.8% in the second quarter. SG Americas Securities LLC now owns 52,972 shares of the company’s stock valued at $652,000 after purchasing an additional 13,091 shares during the period. Diversified Trust Co raised its holdings in shares of Hayward by 4.4% in the second quarter. Diversified Trust Co now owns 54,470 shares of the company’s stock valued at $670,000 after buying an additional 2,289 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Hayward by 2.8% during the second quarter. Raymond James & Associates now owns 99,981 shares of the company’s stock worth $1,230,000 after buying an additional 2,746 shares during the period.

Hayward Stock Performance

Shares of HAYW stock opened at $16.16 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 12-month low of $11.55 and a 12-month high of $16.87. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. The stock has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $14.36.

Hayward (NYSE:HAYW) last released its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $222.88 million. During the same quarter last year, the company earned $0.08 earnings per share. Hayward’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,857 shares of company stock valued at $3,416,677. Corporate insiders own 3.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their target price on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. KeyCorp increased their price target on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price objective on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.80.

Hayward 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.