D. E. Shaw & Co. Inc. Has $2.57 Million Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

D. E. Shaw & Co. Inc. raised its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 494.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,201 shares of the company's stock after purchasing an additional 139,896 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of Hayward worth $2,572,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HAYW. Kovitz Investment Group Partners LLC lifted its holdings in Hayward by 385.5% during the 4th 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 during the last quarter. BBR Partners LLC acquired a new stake in shares of Hayward during the fourth quarter worth $67,399,000. Fiduciary Management Inc. WI acquired a new stake in shares of Hayward during the fourth quarter worth $62,949,000. Vanguard Group Inc. lifted its holdings 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 worth $295,174,000 after buying an additional 3,589,352 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hayward by 525.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock worth $50,393,000 after buying an additional 2,769,273 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on HAYW. Robert W. Baird boosted their price target on Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research note on Wednesday, February 5th. Finally, Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.13.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the transaction, the chief executive officer now owns 623,540 shares of the company's stock, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.06% of the company's stock.

Hayward Stock Performance

Hayward stock opened at $14.42 on Tuesday. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87. 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 business's 50-day moving average price is $13.32 and its two-hundred day moving average price is $14.56. The stock has a market cap of $3.12 billion, a PE ratio of 34.33, a P/E/G ratio of 1.87 and a beta of 1.15.

Hayward (NYSE:HAYW - Get Free Report) last released its earnings results 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. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $228.84 million for the quarter, compared to analysts' expectations of $216.37 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

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.

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