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

Principal Financial Group Inc. boosted its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 2.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 706,002 shares of the company’s stock after purchasing an additional 16,522 shares during the quarter. Principal Financial Group Inc. owned about 0.33% of Hayward worth $9,828,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAYW. Sterling Capital Management LLC lifted its position in shares of Hayward by 61.9% during the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock worth $131,000 after purchasing an additional 3,268 shares in the last quarter. KBC Group NV increased its holdings in Hayward by 51.1% in the first quarter. KBC Group NV now owns 9,584 shares of the company’s stock valued at $133,000 after buying an additional 3,241 shares during the last quarter. Wedmont Private Capital acquired a new position in shares of Hayward in the 1st quarter worth approximately $142,000. iSAM Funds UK Ltd bought a new stake in shares of Hayward in the 4th quarter valued at approximately $165,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Hayward in the 4th quarter valued at approximately $172,000.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $14.20, for a total transaction of $860,108.20. Following the sale, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $8,854,268. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.06% of the company’s stock.

Hayward Stock Down 0.8%

Shares of Hayward stock opened at $14.81 on Tuesday. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $14.08 and its 200-day simple moving average is $14.02. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.08 and a beta of 1.12. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $228.84 million for the quarter, compared to analysts’ expectations of $216.37 million. Hayward had a return on equity of 10.94% and a net margin of 11.53%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Equities research analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wolfe Research downgraded shares of Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company 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.