Mutual of America Capital Management LLC Decreases Stock Holdings in Pool Corporation $POOL

Mutual of America Capital Management LLC trimmed its holdings in shares of Pool Corporation (NASDAQ:POOL) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,312 shares of the specialty retailer’s stock after selling 117 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Pool were worth $1,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amalgamated Bank increased its position in shares of Pool by 3.1% during the first quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer’s stock valued at $2,571,000 after acquiring an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Pool by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer’s stock valued at $1,560,000 after acquiring an additional 559 shares during the last quarter. Virtu Financial LLC purchased a new stake in Pool in the first quarter worth $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Pool by 17.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock worth $22,525,000 after buying an additional 10,421 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Pool by 2.1% in the first quarter. Stephens Investment Management Group LLC now owns 117,083 shares of the specialty retailer’s stock worth $37,273,000 after buying an additional 2,460 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. KeyCorp assumed coverage on Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Oppenheimer raised their target price on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. William Blair reissued a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Finally, Guggenheim assumed coverage on Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $337.86.

Pool Price Performance

Shares of NASDAQ POOL opened at $293.75 on Monday. The stock has a market cap of $10.96 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.93 and a beta of 1.11. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. The stock has a fifty day moving average of $310.65 and a 200-day moving average of $306.44.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.01. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a $1.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Pool’s payout ratio is 45.58%.

Pool 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.