American Century Companies Inc. Has $93.42 Million Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

American Century Companies Inc. lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,109,632 shares of the company's stock after acquiring an additional 1,453,282 shares during the quarter. American Century Companies Inc. owned about 2.84% of Hayward worth $93,416,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its holdings in Hayward by 6.0% during the third quarter. Thrivent Financial for Lutherans now owns 111,499 shares of the company's stock valued at $1,710,000 after acquiring an additional 6,264 shares during the period. Quest Partners LLC grew its holdings in Hayward by 187.0% in the 3rd quarter. Quest Partners LLC now owns 22,703 shares of the company's stock valued at $348,000 after buying an additional 14,793 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Hayward by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company's stock worth $19,417,000 after buying an additional 251,788 shares during the period. Cerity Partners LLC bought a new stake in shares of Hayward in the third quarter valued at approximately $706,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hayward in the third quarter worth $556,000.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company's stock, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.25% of the company's stock.

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Hayward Trading Down 1.9 %

Shares of NYSE:HAYW traded down $0.27 during trading on Friday, hitting $13.74. 1,679,066 shares of the company's stock were exchanged, compared to its average volume of 1,643,439. The firm has a 50-day moving average price of $14.52 and a two-hundred day moving average price of $15.06. Hayward Holdings, Inc. has a 1-year low of $11.96 and a 1-year high of $16.87. The firm has a market cap of $2.97 billion, a P/E ratio of 32.72, a PEG ratio of 1.87 and a beta of 1.16. 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 (NYSE:HAYW - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (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 company had revenue of $327.08 million during the quarter, compared to analyst estimates of $302.76 million. Equities analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HAYW. KeyCorp restated a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird lifted 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.

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.