Principal Financial Group Inc. Has $10.25 Million Position in Hayward Holdings, Inc. (NYSE:HAYW)

Principal Financial Group Inc. raised its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668,396 shares of the company’s stock after acquiring an additional 44,978 shares during the quarter. Principal Financial Group Inc. owned about 0.31% of Hayward worth $10,253,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Hayward in the 2nd quarter valued at $30,000. Blue Trust Inc. lifted its position in shares of Hayward by 2,710.1% in the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after buying an additional 2,141 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Hayward during the 2nd quarter worth about $64,000. Quest Partners LLC increased its holdings in shares of Hayward by 217.7% during the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after acquiring an additional 5,420 shares during the last quarter. Finally, MQS Management LLC bought a new position in shares of Hayward in the 2nd quarter valued at approximately $171,000.

Hayward Price Performance

NYSE:HAYW opened at $16.10 on Tuesday. 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 Holdings, Inc. has a one year low of $11.54 and a one year high of $16.87. The company has a fifty day moving average price of $15.17 and a 200 day moving average price of $14.26. The stock has a market cap of $3.47 billion, a P/E ratio of 38.33, a PEG ratio of 2.25 and a beta of 1.19.

Hayward (NYSE:HAYW) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $227.57 million during the quarter, compared to analysts’ expectations of $222.88 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus upped their price target on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.80.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total transaction of $612,426.53. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the completion of the sale, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,857 shares of company stock valued at $3,416,677. 3.25% of the stock is owned by corporate 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.