Hayward Holdings, Inc. (NYSE:HAYW) Shares Bought by Bryce Point Capital LLC

Key Points

• Bryce Point Capital LLC increased its stake in Hayward Holdings by 99.3%, now holding 62,508 shares valued at approximately $907,000.
• CEO Kevin Holleran sold 60,571 shares of Hayward stock for over $860,000, resulting in an 8.85% decrease in his ownership.
• Wolfe Research downgraded Hayward's rating from "outperform" to "peer perform", with the stock currently holding an average rating of "Hold" and a target price of $17.13.

Bryce Point Capital LLC raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 99.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,508 shares of the company's stock after purchasing an additional 31,149 shares during the quarter. Bryce Point Capital LLC's holdings in Hayward were worth $907,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Kovitz Investment Group Partners LLC grew its stake in shares of Hayward by 385.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock valued at $128,942,000 after acquiring an additional 6,696,170 shares during the period. Michael & Susan Dell Foundation grew its stake in shares of Hayward by 247.6% during the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock valued at $137,373,000 after acquiring an additional 6,400,000 shares during the period. Fiduciary Management Inc. WI bought a new position in shares of Hayward during the 4th quarter valued at approximately $62,949,000. Vanguard Group Inc. grew its stake in shares of Hayward by 22.8% during the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after acquiring an additional 3,589,352 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Hayward by 525.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock valued at $50,393,000 after acquiring an additional 2,769,273 shares during the period.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $14.20, for a total value of $860,108.20. Following the sale, the chief executive officer owned 623,540 shares in the company, valued at $8,854,268. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.06% of the stock is currently owned by insiders.

Hayward Trading Down 0.0%

NYSE:HAYW traded down $0.01 during midday trading on Thursday, hitting $15.43. 1,469,091 shares of the company traded hands, compared to its average volume of 1,859,803. The firm's fifty day moving average is $14.22 and its 200-day moving average is $14.02. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87. The firm has a market capitalization of $3.34 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.92 and a beta of 1.12. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.66.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. Hayward had a return on equity of 10.94% and a net margin of 11.53%. The company had revenue of $299.60 million for the quarter, compared to analyst estimates of $291.17 million. During the same quarter in the prior year, the firm posted $0.21 EPS. Hayward's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. 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, the company has an average rating of "Hold" and an average target price of $17.13.

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.