XTX Topco Ltd Acquires Shares of 76,046 Hayward Holdings, Inc. (NYSE:HAYW)

Key Points

• XTX Topco Ltd invested approximately $1.06 million in Hayward Holdings by purchasing 76,046 shares in the first quarter of the year.
• Hayward Holdings has seen various institutional investors increase their stakes, with Vanguard Group Inc. raising its position by 22.8% in the fourth quarter.
• The company's recent earnings report showed a net margin of 12.04% and a 5.3% year-over-year revenue increase, reporting revenue of $299.60 million for the quarter.

XTX Topco Ltd acquired a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 76,046 shares of the company's stock, valued at approximately $1,059,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAYW. Vanguard Group Inc. increased its stake in shares of Hayward by 22.8% during the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after buying an additional 3,589,352 shares during the period. Michael & Susan Dell Foundation lifted its holdings in shares of Hayward by 247.6% during 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 during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Hayward by 385.5% during the fourth 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 during the period. Dimensional Fund Advisors LP lifted its holdings in Hayward by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company's stock valued at $74,520,000 after acquiring an additional 392,695 shares during the period. Finally, Fiduciary Management Inc. WI acquired a new position in Hayward in the fourth quarter valued at approximately $62,949,000.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 60,571 shares of Hayward 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 completion of the sale, the chief executive officer owned 623,540 shares of the company's stock, valued at $8,854,268. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eifion Jones sold 15,000 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $15.50, for a total value of $232,500.00. Following the sale, the chief financial officer directly owned 287,231 shares of the company's stock, valued at approximately $4,452,080.50. This trade represents a 4.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,142 shares of company stock valued at $2,017,527. 5.06% of the stock is currently owned by insiders.

Hayward Price Performance

Shares of HAYW stock traded up $0.11 during trading hours on Thursday, hitting $15.66. 1,529,451 shares of the company's stock were exchanged, compared to its average volume of 1,910,212. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The firm has a market cap of $3.39 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.37 and a beta of 1.13. The firm has a 50 day moving average of $14.38 and a two-hundred day moving average of $14.05.

Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $291.17 million. During the same quarter in the prior year, the company earned $0.21 EPS. Hayward's revenue was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

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.