Trigran Investments Inc. Has $25.94 Million Stock Holdings in Hayward Holdings, Inc. $HAYW

Trigran Investments Inc. decreased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 9.0% during the 2nd quarter, Holdings Channel reports. The firm owned 1,879,312 shares of the company’s stock after selling 184,784 shares during the period. Hayward comprises about 4.5% of Trigran Investments Inc.’s investment portfolio, making the stock its 12th biggest position. Trigran Investments Inc.’s holdings in Hayward were worth $25,935,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Fiduciary Management Inc. WI increased its holdings in Hayward by 63.0% during the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company’s stock worth $93,402,000 after buying an additional 2,592,926 shares during the last quarter. Greenhouse Funds LLLP raised its holdings in shares of Hayward by 43.4% in the 1st quarter. Greenhouse Funds LLLP now owns 4,589,097 shares of the company’s stock valued at $63,880,000 after purchasing an additional 1,389,434 shares during the period. JPMorgan Chase & Co. lifted its stake in Hayward by 17.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,056,232 shares of the company’s stock valued at $124,976,000 after purchasing an additional 1,330,482 shares during the last quarter. AQR Capital Management LLC grew its holdings in Hayward by 36.0% during the first quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company’s stock worth $49,094,000 after purchasing an additional 962,402 shares during the period. Finally, MetLife Investment Management LLC increased its position in Hayward by 34,359.7% during the first quarter. MetLife Investment Management LLC now owns 862,871 shares of the company’s stock worth $12,011,000 after buying an additional 860,367 shares during the last quarter.

Hayward Trading Down 1.3%

Shares of NYSE:HAYW opened at $16.16 on Friday. The business’s 50 day simple moving average is $15.74 and its 200 day simple moving average is $15.16. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $17.73. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.18 and a quick ratio of 2.31. The company has a market capitalization of $3.50 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.72 and a beta of 1.12.

Hayward (NYSE:HAYW) last released its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $244.34 million during the quarter, compared to the consensus estimate of $231.46 million. Hayward had a return on equity of 11.24% and a net margin of 12.54%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. On average, research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $16.74, for a total transaction of $1,013,958.54. Following the sale, the chief executive officer owned 623,540 shares in the company, valued at approximately $10,438,059.60. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eifion Jones sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $17.50, for a total transaction of $437,500.00. Following the transaction, the chief financial officer owned 287,231 shares of the company’s stock, valued at approximately $5,026,542.50. This represents a 8.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,142 shares of company stock worth $2,369,715 over the last quarter. Corporate insiders own 5.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a research note on Monday. Zacks Research raised shares of Hayward from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Hayward has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.