DF Dent & Co. Inc. Acquires 724,043 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

DF Dent & Co. Inc. raised its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 91.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,514,723 shares of the company's stock after purchasing an additional 724,043 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.70% of Hayward worth $23,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of Hayward by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company's stock valued at $19,417,000 after purchasing an additional 251,788 shares during the period. Cerity Partners LLC bought a new stake in Hayward in the third quarter valued at about $706,000. Captrust Financial Advisors acquired a new stake in Hayward during the 3rd quarter worth $217,000. Verition Fund Management LLC boosted its holdings in shares of Hayward by 746.2% in the third quarter. Verition Fund Management LLC now owns 237,881 shares of the company's stock valued at $3,649,000 after buying an additional 209,770 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Hayward in the 3rd quarter valued at approximately $516,000.

Hayward Price Performance

Shares of HAYW traded up $0.12 during trading hours on Tuesday, reaching $11.84. The stock had a trading volume of 997,752 shares, compared to its average volume of 1,687,474. The stock has a market capitalization of $2.56 billion, a PE ratio of 28.20, a PEG ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 12 month low of $11.43 and a 12 month high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The company's 50-day moving average is $14.23 and its two-hundred day moving average is $15.02.

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Hayward (NYSE:HAYW - Get Free Report) last announced its 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. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $327.08 million for the quarter, compared to the consensus estimate of $302.76 million. Research analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on HAYW shares. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Robert W. Baird raised their price target on Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, February 28th. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research 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 target price for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Hayward presently has an average rating of "Hold" and an average price target of $17.13.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at $7,806,720.80. This trade represents a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.25% of the stock is currently owned by 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.