Trigran Investments Inc. Acquires 1,034,610 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Trigran Investments Inc. increased its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 75.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,400,037 shares of the company's stock after purchasing an additional 1,034,610 shares during the period. Hayward accounts for about 4.2% of Trigran Investments Inc.'s investment portfolio, making the stock its 12th biggest holding. Trigran Investments Inc. owned about 1.11% of Hayward worth $36,697,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Hayward by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company's stock worth $34,260,000 after purchasing an additional 165,369 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Hayward by 7.2% during the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company's stock worth $10,253,000 after acquiring an additional 44,978 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Hayward by 53.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company's stock worth $878,000 after acquiring an additional 19,983 shares during the period. Merit Financial Group LLC acquired a new position in Hayward during the 4th quarter valued at about $287,000. Finally, SG Americas Securities LLC increased its stake in shares of Hayward by 151.9% in the fourth quarter. SG Americas Securities LLC now owns 69,965 shares of the company's stock valued at $1,070,000 after purchasing an additional 42,195 shares during the period.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the transaction, the chief executive officer now owns 623,540 shares in the company, valued at $7,806,720.80. This represents a 7.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.06% of the company's stock.

Hayward Trading Up 3.7 %

HAYW traded up $0.45 during trading on Wednesday, reaching $12.50. The company had a trading volume of 2,612,362 shares, compared to its average volume of 1,731,319. The firm's 50-day simple moving average is $13.52 and its 200 day simple moving average is $14.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $327.08 million during the quarter, compared to the consensus estimate of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

HAYW has been the subject of a number of recent analyst reports. KeyCorp reissued a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Wolfe Research downgraded shares of Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price on the stock in a report on Wednesday, February 5th. Finally, Robert W. Baird increased their target price on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Hayward currently has an average rating of "Hold" and a consensus price target of $17.13.

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.