Principal Financial Group Inc. Has $10.54 Million Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Principal Financial Group Inc. lifted its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 689,480 shares of the company’s stock after buying an additional 21,084 shares during the period. Principal Financial Group Inc. owned about 0.32% of Hayward worth $10,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HAYW. Blue Trust Inc. raised its holdings in shares of Hayward by 2,710.1% in the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after buying an additional 2,141 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Hayward by 7.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 68,600 shares of the company’s stock worth $1,052,000 after buying an additional 4,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Hayward in the 3rd quarter worth approximately $426,000. State of Alaska Department of Revenue raised its holdings in shares of Hayward by 8.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 81,023 shares of the company’s stock worth $1,242,000 after buying an additional 6,596 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Hayward in the 3rd quarter worth approximately $202,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HAYW. Stifel Nicolaus raised 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. Robert W. Baird increased their price target on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th.

Hayward Stock Down 1.9 %

NYSE HAYW opened at $14.47 on Friday. The firm has a market cap of $3.12 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. Hayward Holdings, Inc. has a one year low of $11.96 and a one year high of $16.87. The stock’s 50 day simple moving average is $14.79 and its 200 day simple moving average is $15.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. As a group, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Hayward

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

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.