Squarepoint Ops LLC Raises Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Squarepoint Ops LLC boosted its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 85.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 293,220 shares of the company’s stock after purchasing an additional 135,027 shares during the quarter. Squarepoint Ops LLC’s holdings in Hayward were worth $3,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Confluence Investment Management LLC purchased a new position in Hayward in the first quarter valued at about $3,606,000. Goldman Sachs Group Inc. raised its holdings in shares of Hayward by 24.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock valued at $34,363,000 after buying an additional 491,971 shares during the period. Jane Street Group LLC lifted 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 acquiring an additional 429,851 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Hayward in the 1st quarter worth approximately $952,000. Finally, Victory Capital Management Inc. grew its position in Hayward by 4.6% in the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after acquiring an additional 222,311 shares in the last quarter.

Insider Activity at Hayward

In other Hayward news, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the sale, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Hayward news, SVP Susan M. Canning sold 5,028 shares of Hayward stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the completion of the transaction, the senior vice president now directly owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the sale, the chief executive officer now owns 522,799 shares in the company, valued at $7,470,797.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,742 shares of company stock valued at $1,266,959. Corporate insiders own 3.25% of the company’s stock.

Wall Street Analysts Forecast Growth

HAYW has been the subject of several analyst reports. Robert W. Baird upped their target price on shares of Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. KeyCorp decreased their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Stifel Nicolaus lifted their target price on Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group reduced their price target on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Hayward currently has a consensus rating of “Hold” and an average price target of $15.50.

Hayward Price Performance

Shares of HAYW stock opened at $15.18 on Wednesday. The firm has a market cap of $3.26 billion, a P/E ratio of 42.15, a P/E/G ratio of 2.42 and a beta of 1.21. The firm has a fifty day moving average of $14.28 and a two-hundred day moving average of $13.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68. Hayward Holdings, Inc. has a 1-year low of $9.80 and a 1-year high of $16.04.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The firm had revenue of $284.39 million during the quarter, compared to analyst estimates of $282.60 million. During the same period in the previous year, the company earned $0.19 earnings per share. Hayward’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts anticipate that Hayward Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

About Hayward

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.