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

Granite Investment Partners LLC lowered its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,069,361 shares of the company's stock after selling 22,371 shares during the period. Granite Investment Partners LLC owned 0.50% of Hayward worth $16,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BBR Partners LLC purchased a new stake in shares of Hayward during the 4th quarter worth $67,399,000. Vanguard Group Inc. grew its position in shares of Hayward by 22.8% in the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after purchasing an additional 3,589,352 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Hayward by 525.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock worth $50,393,000 after purchasing an additional 2,769,273 shares during the last quarter. Invesco Ltd. lifted its stake in Hayward by 393.8% in the 4th quarter. Invesco Ltd. now owns 2,778,095 shares of the company's stock worth $42,477,000 after purchasing an additional 2,215,501 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Hayward by 31.2% in the fourth quarter. American Century Companies Inc. now owns 6,109,632 shares of the company's stock valued at $93,416,000 after purchasing an additional 1,453,282 shares in the last quarter.

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Hayward Stock Performance

Shares of NYSE HAYW traded down $0.11 during mid-day trading on Tuesday, hitting $12.12. 1,324,276 shares of the company were exchanged, compared to its average volume of 1,719,457. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $14.86. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the transaction, the chief executive officer now owns 623,540 shares of the company's stock, valued at $7,806,720.80. This represents a 7.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Robert W. Baird upped their target price on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Finally, Stifel Nicolaus raised shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.13.

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.