Granite Investment Partners LLC Sells 597,732 Shares of Hayward Holdings, Inc. $HAYW

Granite Investment Partners LLC decreased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 41.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,110 shares of the company’s stock after selling 597,732 shares during the quarter. Granite Investment Partners LLC owned approximately 0.38% of Hayward worth $12,597,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of Hayward by 10,452.9% during the third quarter. Covestor Ltd now owns 1,794 shares of the company’s stock worth $27,000 after acquiring an additional 1,777 shares during the period. Steph & Co. bought a new position in Hayward in the third quarter worth approximately $41,000. EverSource Wealth Advisors LLC increased its holdings in Hayward by 149.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock worth $65,000 after purchasing an additional 2,814 shares during the period. Harbor Investment Advisory LLC increased its holdings in Hayward by 19.3% during the 3rd quarter. Harbor Investment Advisory LLC now owns 7,842 shares of the company’s stock worth $119,000 after purchasing an additional 1,271 shares during the period. Finally, Brighton Jones LLC bought a new stake in Hayward during the 2nd quarter valued at $146,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HAYW. Zacks Research downgraded Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.00.

Hayward Trading Down 0.6%

Shares of NYSE HAYW opened at $16.27 on Monday. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $17.73. The business has a fifty day moving average price of $16.24 and a 200 day moving average price of $15.92. The stock has a market capitalization of $3.53 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.18 and a quick ratio of 2.31.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 52,389 shares of Hayward stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $16.05, for a total value of $840,843.45. Following the transaction, the chief executive officer owned 623,540 shares of the company’s stock, valued at $10,007,817. The trade was a 7.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 165,350 shares of company stock valued at $2,655,570. 5.06% of the stock is currently owned by company insiders.

Hayward Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.