Zurcher Kantonalbank Zurich Cantonalbank Cuts Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HAYW. Public Sector Pension Investment Board purchased a new position in shares of Hayward during the 3rd quarter valued at about $2,202,000. WCM Investment Management LLC boosted its stake in shares of Hayward by 11.2% in the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock valued at $29,179,000 after purchasing an additional 214,991 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Hayward during the third quarter valued at about $1,177,000. Barclays PLC boosted its holdings in Hayward by 61.6% during the 3rd quarter. Barclays PLC now owns 128,810 shares of the company’s stock valued at $1,817,000 after acquiring an additional 49,110 shares during the period. Finally, Rhumbline Advisers grew its position in Hayward by 216.9% during the 3rd quarter. Rhumbline Advisers now owns 335,927 shares of the company’s stock worth $4,737,000 after acquiring an additional 229,926 shares during the last quarter.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $13.34, for a total transaction of $571,712.38. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $6,974,138.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Hayward Price Performance

Shares of HAYW stock opened at $14.13 on Friday. Hayward Holdings, Inc. has a twelve month low of $9.80 and a twelve month high of $16.04. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 39.25 and a beta of 1.25. 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 fifty day moving average is $14.16 and its 200 day moving average is $13.02.

Hayward (NYSE:HAYW) last announced its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. Hayward had a net margin of 8.25% and a return on equity of 9.46%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. Research analysts expect that Hayward Holdings, Inc. will post 0.57 EPS for the current fiscal year.

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.