WCM Investment Management LLC Lowers Holdings in Hayward Holdings, Inc. $HAYW

WCM Investment Management LLC trimmed its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631,795 shares of the company’s stock after selling 228,949 shares during the period. WCM Investment Management LLC owned about 0.75% of Hayward worth $24,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Hayward by 36.2% in the 1st quarter. Royal Bank of Canada now owns 126,506 shares of the company’s stock valued at $1,760,000 after acquiring an additional 33,614 shares during the period. Millennium Management LLC grew its position in shares of Hayward by 6.8% in the 1st quarter. Millennium Management LLC now owns 486,132 shares of the company’s stock worth $6,767,000 after buying an additional 30,763 shares during the last quarter. Jane Street Group LLC boosted its stake in Hayward by 8.2% in the first quarter. Jane Street Group LLC now owns 38,064 shares of the company’s stock valued at $530,000 after acquiring an additional 2,885 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Hayward by 10.3% during the 2nd quarter. Truist Financial Corp now owns 17,609 shares of the company’s stock valued at $243,000 after purchasing an additional 1,638 shares during the last quarter. Finally, Sendero Wealth Management LLC grew its stake in Hayward by 21.5% during the 2nd quarter. Sendero Wealth Management LLC now owns 49,515 shares of the company’s stock worth $683,000 after buying an additional 8,746 shares during the last quarter.

Hayward Stock Down 0.2%

NYSE:HAYW opened at $16.11 on Tuesday. 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’s fifty day moving average price is $16.17 and its 200-day moving average price is $15.79. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $17.73. The firm has a market capitalization of $3.49 billion, a P/E ratio of 25.98, a PEG ratio of 1.51 and a beta of 1.13.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $16.13, for a total transaction of $977,010.23. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at $10,057,700.20. The trade was a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HAYW. Zacks Research downgraded Hayward from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Hayward Company 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.