Millennium Management LLC Takes $6.96 Million Position in Hayward Holdings, Inc. (NYSE:HAYW)

Millennium Management LLC acquired a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 455,369 shares of the company's stock, valued at approximately $6,963,000. Millennium Management LLC owned about 0.21% of Hayward as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HAYW. SG Americas Securities LLC increased its holdings in shares of Hayward by 151.9% during the fourth quarter. SG Americas Securities LLC now owns 69,965 shares of the company's stock worth $1,070,000 after buying an additional 42,195 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after buying an additional 671 shares during the period. KBC Group NV increased its holdings in Hayward by 56.2% during the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock worth $97,000 after purchasing an additional 2,283 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hayward by 25.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Hayward by 6.3% in the 4th quarter. Jennison Associates LLC now owns 3,380,867 shares of the company's stock valued at $51,693,000 after buying an additional 201,116 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the transaction, the chief executive officer now owns 623,540 shares in the company, valued at approximately $7,806,720.80. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.06% of the company's stock.

Hayward Price Performance

NYSE:HAYW traded down $0.13 during mid-day trading on Friday, reaching $13.95. The stock had a trading volume of 489,123 shares, compared to its average volume of 1,778,808. The stock has a 50-day simple moving average of $13.28 and a two-hundred day simple moving average of $14.46. The stock has a market capitalization of $3.02 billion, a PE ratio of 33.18, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $228.84 million for 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%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on HAYW. Robert W. Baird boosted their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Stifel Nicolaus raised shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target on the stock in a report on Wednesday, February 5th. Finally, Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.13.

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.