Graham Capital Management L.P. Has $1.62 Million Stock Holdings in Hayward Holdings, Inc. $HAYW

Key Points

• Graham Capital Management L.P. reduced its stake in Hayward Holdings, Inc. by 41.2% during the first quarter, selling 81,462 shares and retaining a total of 116,398 shares valued at approximately $1.62 million.
• Several other hedge funds have also increased their stakes in Hayward, with the Michael & Susan Dell Foundation lifting its stake by 247.6%, now owning nearly 9 million shares worth over $137 million.
• Insider trading activity includes the CEO selling 60,571 shares for approximately $924,919, which resulted in an 8.85% decrease in his ownership.

Graham Capital Management L.P. cut its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 41.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,398 shares of the company's stock after selling 81,462 shares during the quarter. Graham Capital Management L.P. owned approximately 0.05% of Hayward worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Hayward by 3.5% in the first quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock valued at $278,155,000 after purchasing an additional 677,373 shares during the last quarter. Michael & Susan Dell Foundation raised its position in Hayward by 247.6% in the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after purchasing an additional 6,400,000 shares in the last quarter. Fiduciary Management Inc. WI raised its position in Hayward by 63.0% in the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock worth $93,402,000 after purchasing an additional 2,592,926 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Hayward by 5.8% during the first quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock worth $49,770,000 after buying an additional 194,543 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Hayward by 4.8% during the first quarter. Invesco Ltd. now owns 2,912,704 shares of the company's stock worth $40,545,000 after buying an additional 134,609 shares in the last quarter.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their price target on shares of Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Hayward presently has a consensus rating of "Hold" and an average target price of $17.50.

Insider Transactions at Hayward

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

Hayward Stock Up 1.5%

HAYW stock traded up $0.24 during midday trading on Friday, hitting $16.25. The company's stock had a trading volume of 2,651,357 shares, compared to its average volume of 2,236,537. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.84 and a quick ratio of 2.06. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87. The company's fifty day moving average price is $15.30 and its 200 day moving average price is $14.24. The stock has a market capitalization of $3.52 billion, a P/E ratio of 28.01, a PEG ratio of 2.43 and a beta of 1.13.

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

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.