Principal Financial Group Inc. Raises Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Principal Financial Group Inc. lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 668,396 shares of the company's stock after acquiring an additional 44,978 shares during the quarter. Principal Financial Group Inc. owned 0.31% of Hayward worth $10,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Swiss National Bank increased its holdings in Hayward by 0.6% in the first quarter. Swiss National Bank now owns 295,400 shares of the company's stock valued at $4,523,000 after buying an additional 1,900 shares during the last quarter. Vanguard Group Inc. increased its holdings in Hayward by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company's stock valued at $225,902,000 after buying an additional 51,488 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Hayward in the first quarter valued at $1,195,000. Bessemer Group Inc. increased its holdings in Hayward by 1.4% in the first quarter. Bessemer Group Inc. now owns 81,400 shares of the company's stock valued at $1,246,000 after buying an additional 1,100 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in Hayward by 156.6% in the first quarter. Quadrature Capital Ltd now owns 33,793 shares of the company's stock valued at $517,000 after buying an additional 20,624 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company's stock, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Eifion Jones sold 75,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the transaction, the chief financial officer now directly owns 258,903 shares of the company's stock, valued at $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 217,857 shares of company stock valued at $3,416,677 over the last ninety days. Corporate insiders own 3.25% of the company's stock.

Hayward Stock Performance

Shares of HAYW traded down $0.17 during mid-day trading on Tuesday, hitting $15.93. 2,620,254 shares of the company's stock were exchanged, compared to its average volume of 1,518,421. Hayward Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $16.87. The firm has a market capitalization of $3.43 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.25 and a beta of 1.19. The business's 50 day moving average is $15.21 and its two-hundred day moving average is $14.27. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping 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 the consensus estimate of $222.88 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Analysts Set New Price Targets

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

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.