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

WCM Investment Management LLC grew its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,041,398 shares of the company's stock after purchasing an additional 43,222 shares during the period. WCM Investment Management LLC owned about 0.95% of Hayward worth $31,152,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Equitable Trust Co. increased its holdings in Hayward by 2.3% in the third quarter. Equitable Trust Co. now owns 33,843 shares of the company's stock worth $519,000 after buying an additional 749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hayward by 2.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company's stock worth $352,000 after buying an additional 784 shares during the last quarter. Arizona State Retirement System grew its holdings in Hayward by 2.2% during the second quarter. Arizona State Retirement System now owns 41,998 shares of the company's stock valued at $517,000 after purchasing an additional 887 shares during the last quarter. Bessemer Group Inc. grew its holdings in Hayward by 1.4% during the first quarter. Bessemer Group Inc. now owns 81,400 shares of the company's stock valued at $1,246,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Hayward by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company's stock valued at $785,000 after purchasing an additional 1,400 shares during the last quarter.

Hayward Stock Performance

Shares of HAYW traded down $0.06 during mid-day trading on Monday, hitting $15.99. The company's stock had a trading volume of 2,463,223 shares, compared to its average volume of 1,498,719. Hayward Holdings, Inc. has a one year low of $10.72 and a one year high of $16.87. 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 firm has a market capitalization of $3.44 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19. The stock's 50-day moving average is $14.99 and its two-hundred day moving average is $14.18.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $227.57 million during the quarter, compared to analysts' expectations of $222.88 million. During the same period in the prior year, the business earned $0.08 earnings per share. Hayward's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 42,857 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company's stock, valued at $7,470,797.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HAYW has been the topic of several analyst reports. Robert W. Baird increased their price target on Hayward from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their price target on Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a report on Monday, October 28th. KeyCorp increased their price target on Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price target on Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.80.

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.