Michael & Susan Dell Foundation Has $124.49 Million Stock Holdings in Hayward Holdings, Inc. $HAYW

Key Points

• The Michael & Susan Dell Foundation has reduced its holdings in Hayward Holdings, Inc. by 0.5%, now owning 8,943,496 shares after selling 40,996 shares in the first quarter.
• Hayward stock recently reported earnings of $0.24 EPS, surpassing analysts' expectations, and showing a revenue increase of 5.3% year-over-year.
• Insider transactions revealed significant sales, with the CFO selling 20,000 shares and the CEO selling 60,571 shares, reflecting a decrease in their ownership of the stock.

Michael & Susan Dell Foundation reduced its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,943,496 shares of the company's stock after selling 40,996 shares during the period. Hayward makes up approximately 6.4% of Michael & Susan Dell Foundation's holdings, making the stock its 2nd biggest holding. Michael & Susan Dell Foundation owned 4.13% of Hayward worth $124,493,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HAYW. KBC Group NV increased its stake in shares of Hayward by 51.1% during the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after purchasing an additional 3,241 shares during the last quarter. Wedmont Private Capital acquired a new stake in Hayward in the 1st quarter worth about $142,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Hayward in the first quarter valued at approximately $150,000. EntryPoint Capital LLC bought a new stake in shares of Hayward during the 1st quarter valued at $153,000. Finally, Pacer Advisors Inc. grew its stake in Hayward by 9.5% during the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after buying an additional 969 shares in the last quarter.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their target price on shares of Hayward from $17.50 to $18.00 and gave the stock a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.50.

Insiders Place Their Bets

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

Hayward Stock Up 1.5%

Shares of HAYW traded up $0.24 during trading hours on Friday, hitting $16.25. The stock had a trading volume of 2,651,357 shares, compared to its average volume of 2,236,537. The firm has a market capitalization of $3.52 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The firm has a 50 day simple moving average of $15.30 and a 200-day simple moving average of $14.24. 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 (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The firm had revenue of $299.60 million during the quarter, compared to analyst estimates of $291.17 million. During the same period in the previous year, the company posted $0.21 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

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.