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

Granite Investment Partners LLC lessened its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 557,775 shares of the company’s stock after selling 69,315 shares during the quarter. Granite Investment Partners LLC’s holdings in Hayward were worth $6,861,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of Hayward in the 2nd quarter valued at about $30,000. GAMMA Investing LLC grew its holdings in shares of Hayward by 178.5% during the first quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock valued at $41,000 after purchasing an additional 1,714 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Hayward in the 2nd quarter worth approximately $64,000. Quest Partners LLC boosted its position in 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 purchasing an additional 5,420 shares during the period. Finally, Moody National Bank Trust Division bought a new position in Hayward during the 1st quarter worth $164,000.

Hayward Price Performance

Shares of NYSE:HAYW opened at $14.75 on Friday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 2.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68. Hayward Holdings, Inc. has a 12 month low of $9.80 and a 12 month high of $16.04. The stock’s 50 day moving average price is $13.99 and its 200 day moving average price is $13.92.

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

Insider Activity

In related news, SVP Susan M. Canning sold 5,028 shares of the firm’s 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 directly owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Susan M. Canning sold 5,028 shares of Hayward stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the transaction, the senior vice president now owns 67,904 shares of the company’s stock, valued at approximately $950,656. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $13.63, for a total transaction of $584,140.91. Following the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,125,750.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,599 shares of company stock worth $1,786,815. Corporate insiders own 3.25% of the company’s stock.

Analyst Ratings Changes

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

Hayward Company 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.