King Luther Capital Management Corp boosted its holdings in Pool Corporation (NASDAQ:POOL – Free Report) by 236.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,146 shares of the specialty retailer’s stock after acquiring an additional 7,833 shares during the quarter. King Luther Capital Management Corp’s holdings in Pool were worth $2,550,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Pool in the 2nd quarter valued at $30,000. MUFG Securities EMEA plc acquired a new stake in Pool in the 2nd quarter valued at $33,000. Clearstead Advisors LLC grew its position in Pool by 100.0% in the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Private Trust Co. NA lifted its position in Pool by 78.6% in the 4th quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Pool by 133.3% in the 3rd quarter. Allworth Financial LP now owns 126 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
Pool Trading Up 0.2%
NASDAQ POOL opened at $184.70 on Friday. Pool Corporation has a 1-year low of $172.68 and a 1-year high of $345.00. The company has a current ratio of 1.87, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $202.10 and a 200-day moving average of $227.42. The firm has a market cap of $6.73 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.16.
Pool Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $1.30 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Pool’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. Pool’s payout ratio is presently 47.84%.
Pool announced that its board has initiated a stock buyback program on Wednesday, April 29th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on POOL. Zacks Research raised shares of Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $246.00 price objective on Pool in a research report on Friday, February 20th. Robert W. Baird lowered their price objective on shares of Pool from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Stifel Nicolaus decreased their target price on Pool from $240.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, May 11th. Finally, Wells Fargo & Company cut their target price on shares of Pool from $230.00 to $215.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $261.38.
View Our Latest Research Report on POOL
Insider Activity
In other Pool news, Director James D. Hope bought 464 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of $194.41 per share, with a total value of $90,206.24. Following the completion of the purchase, the director directly owned 3,678 shares of the company’s stock, valued at $715,039.98. This trade represents a 14.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John E. Stokely bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average cost of $193.06 per share, for a total transaction of $193,060.00. Following the completion of the purchase, the director directly owned 16,230 shares of the company’s stock, valued at $3,133,363.80. The trade was a 6.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 26,989 shares of company stock valued at $5,067,747 in the last three months. Corporate insiders own 3.00% of the company’s stock.
Key Stories Impacting Pool
Here are the key news stories impacting Pool this week:
- Positive Sentiment: Jim Cramer highlighted Pool Corporation as a stock he expects to move higher, which may encourage dip-buying and improve near-term sentiment. Jim Cramer: This Real Estate Stock Is 'Going To Go Higher'
- Neutral Sentiment: A Seeking Alpha item noted that Argosy Investors added Pool to its portfolio while exiting multiple other holdings, but it did not provide enough detail to clearly signal a major fundamental shift. Argosy Investors adds Capital One and Pool as it exits multiple holdings
- Neutral Sentiment: Short-interest data showed no meaningful short position in Pool, suggesting bearish bets are not a current driver of the stock. This is more of a market-structure update than a catalyst.
Pool Profile
Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.
The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.
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