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

WCM Investment Management LLC grew its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 11.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,129,882 shares of the company's stock after buying an additional 214,991 shares during the period. WCM Investment Management LLC owned 1.00% of Hayward worth $29,179,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HAYW. MSD Partners L.P. bought a new stake in shares of Hayward in the 4th quarter valued at about $672,458,000. Victory Capital Management Inc. raised its position in shares of Hayward by 13,096.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,344,944 shares of the company's stock valued at $31,442,000 after purchasing an additional 3,319,596 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Hayward in the 3rd quarter valued at approximately $35,298,000. Morgan Stanley raised its position in shares of Hayward by 964.4% in the 4th quarter. Morgan Stanley now owns 2,431,550 shares of the company's stock valued at $22,857,000 after purchasing an additional 2,203,115 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Hayward by 16.0% in the 3rd quarter. Vanguard Group Inc. now owns 13,536,985 shares of the company's stock valued at $190,871,000 after purchasing an additional 1,871,680 shares during the last quarter.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 61,429 shares of Hayward stock in a transaction on Monday, April 1st. The shares were sold at an average price of $15.14, for a total value of $930,035.06. Following the sale, the chief executive officer now owns 522,799 shares of the company's stock, valued at approximately $7,915,176.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Hayward from $12.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, March 4th. TheStreet raised shares of Hayward from a "d+" rating to a "c-" rating in a research report on Monday, January 22nd. Stifel Nicolaus raised their price target on shares of Hayward from $13.50 to $14.50 and gave the stock a "hold" rating in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group lowered shares of Hayward from a "buy" rating to a "hold" rating and reduced their price target for the stock from $15.00 to $14.00 in a research report on Thursday, January 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.70.

Hayward Stock Performance

Shares of NYSE HAYW traded down $0.18 during midday trading on Friday, reaching $13.85. 962,655 shares of the stock were exchanged, compared to its average volume of 1,108,962. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 38.47 and a beta of 1.22. Hayward Holdings, Inc. has a twelve month low of $9.80 and a twelve month high of $16.04. The firm has a 50-day simple moving average of $13.97 and a two-hundred day simple moving average of $13.00. The company has a quick ratio of 2.13, a current ratio of 3.02 and a debt-to-equity ratio of 0.82.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. The business had revenue of $278.50 million for the quarter, compared to analysts' expectations of $271.47 million. Hayward had a net margin of 8.13% and a return on equity of 9.55%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. As a group, analysts anticipate that Hayward Holdings, Inc. will post 0.57 EPS for the current fiscal year.

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.