D. E. Shaw & Co. Inc. Buys 139,896 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

D. E. Shaw & Co. Inc. boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 494.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,201 shares of the company's stock after purchasing an additional 139,896 shares during the period. D. E. Shaw & Co. Inc. owned about 0.08% of Hayward worth $2,572,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 3,589,352 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock valued at $128,942,000 after purchasing an additional 6,696,170 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Hayward by 31.2% in the fourth quarter. American Century Companies Inc. now owns 6,109,632 shares of the company's stock valued at $93,416,000 after purchasing an additional 1,453,282 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hayward by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company's stock worth $74,520,000 after acquiring an additional 392,695 shares during the period. Finally, BBR Partners LLC acquired a new stake in Hayward during the 4th quarter worth $67,399,000.

Hayward Stock Performance

Shares of HAYW stock traded down $0.13 on Friday, reaching $13.62. The stock had a trading volume of 946,726 shares, compared to its average volume of 1,783,814. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The firm's 50-day moving average is $13.30 and its two-hundred day moving average is $14.49. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 1.87 and a beta of 1.15. 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 results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. During the same quarter in the prior year, the business earned $0.08 EPS. Hayward's quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus raised shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price for the company in a report on Wednesday, February 5th. Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Finally, 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $17.13.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction that occurred 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 $7,806,720.80. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.06% of the company's stock.

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.