Swiss National Bank Raises Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Swiss National Bank raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 296,100 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Swiss National Bank owned approximately 0.14% of Hayward worth $4,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares in the last quarter. CIBC Asset Management Inc grew its stake in Hayward by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 16,236 shares of the company’s stock worth $248,000 after buying an additional 824 shares during the period. Choreo LLC increased its position in shares of Hayward by 3.9% in the fourth quarter. Choreo LLC now owns 29,741 shares of the company’s stock worth $454,000 after acquiring an additional 1,107 shares in the last quarter. Keybank National Association OH raised its stake in shares of Hayward by 4.0% in the 4th quarter. Keybank National Association OH now owns 51,754 shares of the company’s stock valued at $791,000 after acquiring an additional 2,006 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock valued at $156,000 after acquiring an additional 2,062 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have commented on HAYW. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price on the stock in a report on Wednesday, February 5th. Finally, Robert W. Baird upped their price target on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th.

Hayward Stock Performance

NYSE:HAYW opened at $14.24 on Tuesday. Hayward Holdings, Inc. has a 1-year low of $11.96 and a 1-year high of $16.87. The stock has a market cap of $3.08 billion, a P/E ratio of 33.91, a PEG ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The firm has a 50-day moving average of $14.55 and a two-hundred day moving average of $15.07.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $327.08 million during the quarter, compared to analyst estimates of $302.76 million. On average, research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,591,041.48. The trade was a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.25% of the company’s stock.

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.