295,195 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 295,195 shares of the company's stock, valued at approximately $4,514,000. Madison Investment Advisors LLC owned 0.14% of Hayward as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in Hayward by 5.4% during the third quarter. CIBC Asset Management Inc now owns 15,412 shares of the company's stock valued at $236,000 after purchasing an additional 784 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of 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 last quarter. Quest Partners LLC boosted its stake in Hayward by 187.0% during the 3rd quarter. Quest Partners LLC now owns 22,703 shares of the company's stock worth $348,000 after purchasing an additional 14,793 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $19,417,000 after acquiring an additional 251,788 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Hayward in the 3rd quarter worth $706,000.

Hayward Stock Down 1.0 %

Hayward stock traded down $0.14 during mid-day trading on Wednesday, reaching $14.26. 763,497 shares of the company's stock were exchanged, compared to its average volume of 1,598,526. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a twelve month low of $11.96 and a twelve month high of $16.87. The company has a market cap of $3.08 billion, a P/E ratio of 33.95, a P/E/G ratio of 1.87 and a beta of 1.16. The company has a fifty day moving average of $14.55 and a 200-day moving average of $15.07.

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Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $302.76 million. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. KeyCorp restated a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Robert W. Baird increased their target price on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. 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 report on Wednesday, February 5th.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company's stock, valued at approximately $7,591,041.48. This represents a 8.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.25% of the company's stock.

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.