Trexquant Investment LP Buys 482,310 Shares of Hayward Holdings, Inc. $HAYW

Key Points

• Trexquant Investment LP significantly increased its stake in Hayward Holdings, acquiring 482,310 shares during the first quarter, bringing its total ownership to 599,789 shares valued at approximately $8.35 million.
• Insider trading activity included CFO Eifion Jones and CEO Kevin Holleran selling a combined total of 80,571 shares, which reflects a decrease of 6.51% and 8.85% in their respective ownership stakes.
• Hayward's stock opened at $16.07, with a market cap of $3.48 billion and a PE ratio of 27.70, following a recent earnings report that exceeded analyst expectations with $0.24 EPS against an estimated $0.22.

Trexquant Investment LP raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 410.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 599,789 shares of the company's stock after purchasing an additional 482,310 shares during the quarter. Trexquant Investment LP owned 0.28% of Hayward worth $8,349,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake 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 worth $278,155,000 after acquiring an additional 677,373 shares during the last quarter. Michael & Susan Dell Foundation boosted its holdings 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 boosted its holdings 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 boosted its holdings in Hayward by 5.8% in the first quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock worth $49,770,000 after purchasing an additional 194,543 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Hayward by 4.8% in the first quarter. Invesco Ltd. now owns 2,912,704 shares of the company's stock worth $40,545,000 after purchasing an additional 134,609 shares in the last quarter.

Insider Transactions at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer owned 287,231 shares of the company's stock, valued at approximately $4,739,311.50. This represents a 6.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 156,142 shares of company stock valued at $2,347,527 over the last 90 days. Corporate insiders own 5.06% of the company's stock.

Hayward Stock Up 2.5%

NYSE:HAYW traded up $0.40 during trading hours on Thursday, reaching $15.96. The company's stock had a trading volume of 847,383 shares, compared to its average volume of 1,958,410. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The business's 50-day moving average is $15.21 and its 200-day moving average is $14.22. 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 released its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The company had revenue of $299.60 million during the quarter, compared to analysts' expectations of $291.17 million. During the same period in the prior year, the company earned $0.21 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. Equities research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

About Hayward

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.