WCM Investment Management LLC Reduces Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

WCM Investment Management LLC lowered its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,976,720 shares of the company’s stock after selling 64,678 shares during the quarter. WCM Investment Management LLC owned approximately 0.92% of Hayward worth $30,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Lecap Asset Management Ltd. bought a new position in Hayward in the 4th quarter worth $665,000. Choreo LLC lifted its stake in shares of Hayward by 3.9% during the 4th quarter. Choreo LLC now owns 29,741 shares of the company’s stock valued at $454,000 after buying an additional 1,107 shares in the last quarter. Jennison Associates LLC boosted its holdings in Hayward by 6.3% in the 4th quarter. Jennison Associates LLC now owns 3,380,867 shares of the company’s stock worth $51,693,000 after buying an additional 201,116 shares during the period. Pacer Advisors Inc. raised its holdings in Hayward by 25.4% during the fourth 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 during the period. Finally, KBC Group NV lifted its position in shares of Hayward by 56.2% in the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after acquiring an additional 2,283 shares in the last quarter.

Wall Street Analyst Weigh In

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

Hayward Stock Down 3.6 %

Shares of NYSE:HAYW opened at $14.16 on Friday. The company has a 50-day moving average price of $15.26 and a 200 day moving average price of $15.02. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 12 month low of $11.96 and a 12 month high of $16.87. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.90 and a beta of 1.16.

Insider Activity

In other Hayward news, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction on Monday, November 11th. The shares were sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.25% of the company’s stock.

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.