Cubist Systematic Strategies LLC Invests $1.47 Million in Hayward Holdings, Inc. $HAYW

Key Points

• Cubist Systematic Strategies LLC invested approximately $1.47 million in Hayward Holdings, Inc. by acquiring 105,828 shares in the first quarter.
• Insiders at Hayward, including CFO Eifion Jones and CEO Kevin Holleran, sold significant portions of their stock, indicating a total of 156,142 shares sold worth about $2.35 million in the past three months.
• Analysts have given Hayward a consensus rating of Hold with a raised target price from $17.50 to $18.00 following the latest earnings report, where earnings per share exceeded expectations.

Cubist Systematic Strategies LLC bought a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 105,828 shares of the company's stock, valued at approximately $1,473,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HAYW. KBC Group NV raised its stake in Hayward by 51.1% in the first quarter. KBC Group NV now owns 9,584 shares of the company's stock valued at $133,000 after purchasing an additional 3,241 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hayward by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 706,002 shares of the company's stock valued at $9,828,000 after buying an additional 16,522 shares during the period. Cerity Partners LLC increased its holdings in Hayward by 0.9% in the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock valued at $1,381,000 after buying an additional 869 shares during the period. Deutsche Bank AG boosted its position in shares of Hayward by 767.8% during the 4th quarter. Deutsche Bank AG now owns 89,346 shares of the company's stock worth $1,366,000 after acquiring an additional 79,050 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Hayward by 48.6% during the 1st quarter. Raymond James Financial Inc. now owns 1,142,307 shares of the company's stock worth $15,901,000 after acquiring an additional 373,668 shares in the last quarter.

Insider Buying and Selling

In other Hayward news, CFO Eifion Jones sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total value of $330,000.00. Following the sale, the chief financial officer owned 287,231 shares in the company, valued at $4,739,311.50. This trade represents a 6.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $15.27, for a total value of $924,919.17. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company's stock, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,142 shares of company stock worth $2,347,527 in the last 90 days. Company insiders own 5.06% of the company's stock.

Hayward Price Performance

Shares of HAYW traded down $0.46 during mid-day trading on Friday, reaching $15.61. The company had a trading volume of 1,399,412 shares, compared to its average volume of 1,978,288. The company's 50 day simple moving average is $15.47 and its 200 day simple moving average is $14.29. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.06 and a current ratio of 2.84. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 2.43 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The company had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. During the same period last year, the company posted $0.21 EPS. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. Analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their price objective on shares of Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.50.

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.