Hayward Holdings, Inc. (NYSE:HAYW) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its position in Hayward Holdings, Inc. (NYSE:HAYW) by 31.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,109,632 shares of the company’s stock after acquiring an additional 1,453,282 shares during the period. American Century Companies Inc.’s holdings in Hayward were worth $93,416,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HAYW. Teacher Retirement System of Texas acquired a new position in Hayward in the fourth quarter worth approximately $227,000. Xponance Inc. grew its holdings in shares of Hayward by 11.2% in the 4th quarter. Xponance Inc. now owns 13,151 shares of the company’s stock worth $201,000 after acquiring an additional 1,325 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Hayward by 6.9% during the fourth quarter. Corient Private Wealth LLC now owns 12,228 shares of the company’s stock worth $187,000 after purchasing an additional 787 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Hayward by 45.1% during the fourth quarter. Natixis Advisors LLC now owns 21,770 shares of the company’s stock valued at $333,000 after purchasing an additional 6,762 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in shares of Hayward in the 4th quarter valued at $4,514,000.

Hayward Trading Up 1.8 %

Shares of NYSE HAYW opened at $14.24 on Tuesday. 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 one year low of $11.96 and a one year high of $16.87. The business has a 50-day moving average price of $14.55 and a two-hundred day moving average price of $15.07. The firm has a market capitalization of $3.08 billion, a PE ratio of 33.91, a PEG ratio of 1.87 and a beta of 1.16.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $327.08 million during the quarter, compared to analysts’ expectations of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. As a group, analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HAYW. Robert W. Baird boosted 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. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Finally, Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research note on Wednesday, February 5th.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. The trade was a 8.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.25% of the stock is currently owned by corporate insiders.

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.