Progeny 3 Inc. Invests $28.33 Million in Pool Corporation $POOL

Progeny 3 Inc. acquired a new stake in Pool Corporation (NASDAQ:POOL) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 140,000 shares of the specialty retailer’s stock, valued at approximately $28,326,000. Pool comprises about 1.5% of Progeny 3 Inc.’s holdings, making the stock its 24th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its position in Pool by 3,831.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock worth $457,955,000 after acquiring an additional 1,951,070 shares in the last quarter. Norges Bank acquired a new position in shares of Pool during the 4th quarter worth about $97,612,000. Wellington Management Group LLP increased its stake in shares of Pool by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after purchasing an additional 357,643 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Pool in the 4th quarter valued at about $68,625,000. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Pool by 254.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 339,716 shares of the specialty retailer’s stock valued at $77,710,000 after purchasing an additional 243,907 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Price Performance

Shares of POOL opened at $183.77 on Monday. The firm has a market cap of $6.70 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 2.38 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. Pool Corporation has a 52 week low of $172.68 and a 52 week high of $336.15. The firm’s 50-day simple moving average is $196.10 and its 200 day simple moving average is $216.12.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $5.17 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, analysts forecast that Pool Corporation will post 10.98 earnings per share for the current year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, May 14th. This is an increase from Pool’s previous quarterly dividend of $1.25. Pool’s payout ratio is 47.84%.

Pool announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 29th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

POOL has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research report on Monday, April 27th. Oppenheimer decreased their target price on Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird set a $260.00 price target on Pool in a research note on Friday. Finally, Stephens cut their price target on Pool from $290.00 to $225.00 and set an “overweight” rating for the company in a report on Friday. Five 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $235.67.

Insider Transactions at Pool

In other news, Director James D. Hope acquired 464 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $194.41 per share, with a total value of $90,206.24. Following the acquisition, the director directly owned 3,678 shares in the company, valued at $715,039.98. This represents a 14.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director De La Mesa Manuel J. Perez acquired 10,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $175.95 per share, for a total transaction of $1,759,500.00. Following the transaction, the director directly owned 40,108 shares in the company, valued at approximately $7,057,002.60. This trade represents a 33.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 21,989 shares of company stock valued at $4,042,747. Company insiders own 3.00% of the company’s stock.

Pool News Summary

Here are the key news stories impacting Pool this week:

• Positive Sentiment: Pool reported second-quarter revenue of about $1.82 billion, up 2% year over year, with adjusted EPS of $5.38 beating estimates. The company also said recurring maintenance demand and building materials growth helped offset softness elsewhere. Article Title
• Positive Sentiment: Management confirmed its annual earnings outlook excluding CEO transition costs, suggesting the core business remains stable despite a mixed quarter. Article Title
• Neutral Sentiment: Analyst commentary has been mixed-to-neutral, with at least one firm maintaining a Hold rating after the earnings release, reinforcing a wait-and-see stance. Article Title
• Negative Sentiment: Gross margin declined and operating income fell, with management pointing to higher freight costs, customer mix, muted discretionary demand, and weak new pool construction as headwinds. Article Title
• Negative Sentiment: The company’s FY2026 EPS guidance of $10.66 to $10.96 came in below the market’s expectation, which may be weighing on investor sentiment. Article Title

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.