United Services Automobile Association Buys New Stake in Pool Corporation $POOL

Key Points

• United Services Automobile Association has acquired a new stake in Pool Corporation, purchasing 917 shares valued at approximately $289,000 in the first quarter.
• Pool Corporation's latest earnings report showed an EPS of $5.17, exceeding analysts' estimates, and the company had year-over-year revenue growth of 0.9% with a guidance of $10.700-11.200 EPS for FY 2025.
• The company recently announced a quarterly dividend of $1.25 per share, equating to an annualized dividend of $5.00 and yielding 1.5% for shareholders.

United Services Automobile Association bought a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 917 shares of the specialty retailer's stock, valued at approximately $289,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Pool by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer's stock worth $1,418,646,000 after acquiring an additional 12,795 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Pool by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after acquiring an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock worth $409,054,000 after acquiring an additional 44,897 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Pool by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer's stock worth $335,562,000 after acquiring an additional 11,552 shares during the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in shares of Pool in the 1st quarter worth approximately $168,735,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Down 0.4%

Pool stock traded down $1.20 during mid-day trading on Monday, reaching $324.78. The stock had a trading volume of 400,971 shares, compared to its average volume of 464,250. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 4.52 and a beta of 1.08. The company has a 50-day moving average price of $314.02 and a two-hundred day moving average price of $310.82. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.12 by $0.05. The company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. Pool's revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $1.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.5%. Pool's dividend payout ratio is currently 46.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on POOL shares. Oppenheimer upped their price target on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Wells Fargo & Company upped their price target on shares of Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird upped their price target on shares of Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $342.14.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.