WCM Investment Management LLC Sells 113,922 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

WCM Investment Management LLC lessened its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,862,798 shares of the company's stock after selling 113,922 shares during the period. WCM Investment Management LLC owned 0.86% of Hayward worth $25,595,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. KBC Group NV grew its position in shares of Hayward by 51.1% in the first quarter. KBC Group NV now owns 9,584 shares of the company's stock valued at $133,000 after purchasing an additional 3,241 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Hayward by 2.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 59,018 shares of the company's stock valued at $822,000 after purchasing an additional 1,617 shares during the period. Riverwater Partners LLC acquired a new stake in Hayward in the 1st quarter valued at approximately $192,000. Pallas Capital Advisors LLC grew its holdings in Hayward by 37.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 45,131 shares of the company's stock valued at $628,000 after buying an additional 12,196 shares during the last quarter. Finally, Wedmont Private Capital bought a new position in Hayward in the 1st quarter worth approximately $142,000.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company's stock, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.06% of the company's stock.

Hayward Stock Performance

Shares of NYSE HAYW traded down $0.14 during mid-day trading on Friday, hitting $14.20. The company had a trading volume of 1,410,333 shares, compared to its average volume of 1,847,365. The business's 50-day simple moving average is $13.93 and its 200-day simple moving average is $14.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.63 and a quick ratio of 1.84. The firm has a market cap of $3.07 billion, a P/E ratio of 25.82, a PEG ratio of 2.96 and a beta of 1.12. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. Hayward had a return on equity of 10.94% and a net margin of 11.53%. Hayward's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS. As a group, analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Hayward currently has an average rating of "Hold" and a consensus price target of $17.13.

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.