Zurcher Kantonalbank Zurich Cantonalbank Sells 2,645 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,448 shares of the company’s stock after selling 2,645 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hayward were worth $332,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HAYW. Everence Capital Management Inc. acquired a new position in shares of Hayward in the 4th quarter valued at $173,000. Louisiana State Employees Retirement System acquired a new position in Hayward in the fourth quarter valued at about $858,000. WCM Investment Management LLC increased its holdings in shares of Hayward by 11.2% in the fourth quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock worth $29,179,000 after acquiring an additional 214,991 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Hayward by 40.4% during the fourth quarter. New York State Teachers Retirement System now owns 44,356 shares of the company’s stock worth $603,000 after purchasing an additional 12,767 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of Hayward during the 4th quarter valued at about $37,000.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total value of $571,712.38. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $6,974,138.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HAYW. The Goldman Sachs Group lifted their price target on shares of Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. TheStreet upgraded Hayward from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Stifel Nicolaus boosted their target price on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group downgraded shares of Hayward from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $14.00 in a report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.70.

Hayward Price Performance

Shares of NYSE HAYW opened at $14.13 on Friday. The company has a quick ratio of 2.13, a current ratio of 3.37 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average price is $14.16 and its two-hundred day moving average price is $13.02. The company has a market cap of $3.03 billion, a PE ratio of 39.25 and a beta of 1.25. Hayward Holdings, Inc. has a twelve month low of $9.80 and a twelve month high of $16.04.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $278.50 million for the quarter, compared to analyst estimates of $271.47 million. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. On average, analysts predict that Hayward Holdings, Inc. will post 0.57 EPS for the current year.

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.