Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC decreased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 557,775 shares of the company’s stock after selling 69,315 shares during the period. Granite Investment Partners LLC owned approximately 0.26% of Hayward worth $6,861,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Hayward by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock valued at $225,902,000 after purchasing an additional 51,488 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Hayward by 4.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock worth $62,616,000 after buying an additional 222,311 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Hayward by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after buying an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hayward by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock valued at $52,489,000 after acquiring an additional 469,124 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Hayward by 17.5% during the 4th quarter. Schroder Investment Management Group now owns 3,670,574 shares of the company’s stock valued at $49,920,000 after acquiring an additional 546,400 shares in the last quarter.

Hayward Stock Performance

Hayward stock opened at $14.75 on Friday. The stock has a fifty day moving average price of $13.99 and a 200 day moving average price of $13.92. Hayward Holdings, Inc. has a 52 week low of $9.80 and a 52 week high of $16.04. The firm has a market capitalization of $3.17 billion, a P/E ratio of 40.97, a PEG ratio of 2.31 and a beta of 1.21. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.71.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The business had revenue of $284.39 million for the quarter, compared to analyst estimates of $282.60 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that Hayward Holdings, Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HAYW shares. Stifel Nicolaus upped their price target on shares of Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a report on Friday, August 30th. KeyCorp lowered their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Robert W. Baird boosted their price target on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group decreased their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Insider Transactions at Hayward

In related news, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the sale, the senior vice president now owns 67,904 shares of the company’s stock, valued at approximately $950,656. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Hayward news, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the transaction, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. The disclosure for this sale can be found here. Insiders have sold a total of 133,599 shares of company stock worth $1,786,815 in the last three months. 3.25% of the stock is currently owned by company 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.