Squarepoint Ops LLC Sells 184,569 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Squarepoint Ops LLC lessened its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,116 shares of the company's stock after selling 184,569 shares during the quarter. Squarepoint Ops LLC's holdings in Hayward were worth $1,194,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HAYW. Kovitz Investment Group Partners LLC grew its position in Hayward by 385.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock worth $128,942,000 after purchasing an additional 6,696,170 shares in the last quarter. Michael & Susan Dell Foundation grew its position in shares of Hayward by 247.6% in the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock valued at $137,373,000 after purchasing an additional 6,400,000 shares during the last quarter. BBR Partners LLC acquired a new stake in shares of Hayward in the fourth quarter worth $67,399,000. Fiduciary Management Inc. WI bought a new position in shares of Hayward during the 4th quarter worth about $62,949,000. Finally, Vanguard Group Inc. lifted its position in shares of Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock worth $295,174,000 after acquiring an additional 3,589,352 shares during the period.

Wall Street Analyst Weigh In

HAYW has been the subject of a number of recent research reports. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Robert W. Baird upped their price objective on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Finally, Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $17.13.

Hayward Price Performance

NYSE HAYW traded up $0.06 during midday trading on Wednesday, hitting $14.16. The company had a trading volume of 1,143,068 shares, compared to its average volume of 1,793,748. 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 twelve month low of $11.10 and a twelve month high of $16.87. The company has a market capitalization of $3.06 billion, a PE ratio of 33.71, a P/E/G ratio of 1.87 and a beta of 1.14. The firm has a 50-day moving average price of $13.27 and a 200-day moving average price of $14.41.

Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $228.84 million during the quarter, compared to analysts' expectations of $216.37 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. During the same quarter in the prior year, the business earned $0.08 earnings per share. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $8,766,972.40. The trade was a 7.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.06% of the stock is owned by corporate insiders.

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.