Summit Investment Advisors Inc. Has $1.96 Million Holdings in Pool Corporation $POOL

Summit Investment Advisors Inc. lifted its position in shares of Pool Corporation (NASDAQ:POOL) by 7.2% during the 1st quarter, HoldingsChannel reports. The fund owned 6,147 shares of the specialty retailer’s stock after purchasing an additional 413 shares during the period. Summit Investment Advisors Inc.’s holdings in Pool were worth $1,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of POOL. Chilton Capital Management LLC acquired a new stake in shares of Pool during the second quarter valued at about $30,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Pool during the 2nd quarter worth approximately $34,000. Brooklyn Investment Group grew its holdings in Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 51 shares during the last quarter. WPG Advisers LLC acquired a new position in Pool in the 1st quarter valued at approximately $49,000. Finally, Steph & Co. bought a new position in shares of Pool during the second quarter valued at $49,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL stock opened at $252.01 on Monday. The firm has a 50 day moving average of $300.80 and a 200-day moving average of $303.70. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 3.94 and a beta of 1.12. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool Corporation has a 52 week low of $242.10 and a 52 week high of $395.60.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. Pool’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts forecast that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s payout ratio is presently 45.58%.

Analyst Ratings Changes

A number of research firms recently weighed in on POOL. KeyCorp began coverage on Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Guggenheim initiated coverage on Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Oppenheimer upped their target price on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Finally, William Blair reissued a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $337.86.

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.