WCM Investment Management LLC Cuts Stake in Hayward Holdings, Inc. (NYSE:HAYW)

WCM Investment Management LLC cut its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 1,976,720 shares of the company’s stock after selling 64,678 shares during the quarter. WCM Investment Management LLC’s holdings in Hayward were worth $30,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Hayward by 8,877.3% in the 3rd quarter. CWM LLC now owns 32,049 shares of the company’s stock valued at $492,000 after purchasing an additional 31,692 shares in the last quarter. Birch Hill Investment Advisors LLC bought a new position in Hayward in the third quarter worth approximately $596,000. Blue Trust Inc. lifted its holdings in Hayward by 2,710.1% during the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after buying an additional 2,141 shares during the period. Jade Capital Advisors LLC bought a new stake in Hayward during the 3rd quarter valued at $2,301,000. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Hayward by 7.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 68,600 shares of the company’s stock valued at $1,052,000 after acquiring an additional 4,800 shares during the period.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. The trade was a 8.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HAYW. Robert W. Baird raised their price objective on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. The Goldman Sachs Group increased their target price on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a report on Wednesday.

Hayward Price Performance

Shares of HAYW stock opened at $14.16 on Friday. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.90 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The stock’s 50-day simple moving average is $15.26 and its 200-day simple moving average is $15.02. Hayward Holdings, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $16.87.

Hayward 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.