London Co. of Virginia Sells 21,680 Shares of Pool Corporation $POOL

London Co. of Virginia lessened its holdings in Pool Corporation (NASDAQ:POOL) by 4.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 471,278 shares of the specialty retailer’s stock after selling 21,680 shares during the quarter. London Co. of Virginia’s holdings in Pool were worth $146,131,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Pool in the 3rd quarter worth approximately $29,000. CYBER HORNET ETFs LLC bought a new position in shares of Pool during the 2nd quarter worth approximately $30,000. MUFG Securities EMEA plc acquired a new stake in Pool in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. boosted its stake in Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Pool by 22.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 41 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $208.78 on Tuesday. The business has a fifty day moving average of $244.25 and a 200-day moving average of $262.88. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.59 and a current ratio of 2.24. Pool Corporation has a twelve month low of $203.80 and a twelve month high of $345.00. The firm has a market cap of $7.68 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.58 and a beta of 1.25.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.15). Pool had a return on equity of 31.49% and a net margin of 7.67%.The company had revenue of $982.21 million for the quarter, compared to analyst estimates of $999.14 million. During the same quarter last year, the company earned $0.97 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. On average, equities research analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, March 12th. Pool’s dividend payout ratio is presently 46.13%.

Insider Activity at Pool

In related news, CFO Melanie M. Hart sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total value of $605,000.00. Following the completion of the sale, the chief financial officer owned 18,039 shares of the company’s stock, valued at $3,968,580. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Romain Kenneth G. St purchased 5,560 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average cost of $218.67 per share, with a total value of $1,215,805.20. Following the acquisition, the senior vice president owned 82,845 shares of the company’s stock, valued at $18,115,716.15. This represents a 7.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on POOL shares. Cfra upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 target price for the company in a research report on Monday, December 22nd. Robert W. Baird reduced their price target 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. Oppenheimer decreased their price objective on shares of Pool from $346.00 to $280.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a report on Monday, December 29th. Finally, Wells Fargo & Company cut their target price on shares of Pool from $275.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $281.50.

About Pool

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.