Latham Group Inc (SWIM)

In the past six months, Latham Group, Inc. stock has experienced fluctuations. As of May 8, 2026, the stock price was $6.25, with a 52-week range between $5.04 and $8.97, and has seen a decrease of 19.6%. For Q1 2026, Latham Group reported net sales of $117.3 million, a 5.3% increase year-over-year, but slightly missed analyst estimates. The company's GAAP loss per share was -$0.07, which was in line with analyst estimates and adjusted EBITDA increased by 9.2% to $12.2 million. Management reaffirmed its full-year 2026 guidance, projecting 9% revenue growth and 13% adjusted EBITDA growth at the midpoint, with expectations for flat U.S. pool starts. The company's stock price increased by 9.09% in the 48-hour period following its March 3, 2026, earnings report, where it reported an EPS of -$0.03, surpassing an estimated EPS of -$0.09. Analyst ratings for SWIM have been mixed, with an average recommendation of "Reduce" from seven firms as of April 26, 2026, including three sell, two hold, and two buy recommendations. The average 12-month price target among analysts is $6.75.

Demand for Latham Group, Inc.'s products and services exhibits seasonality, resulting in seasonal working capital requirements. Adverse weather conditions, particularly in North America, have been noted to impact organic in-ground pool sales, as seen in Q1 2026, indicating that sales are influenced by weather patterns, suggesting higher demand during warmer months suitable for pool installation and use.

Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. The company operates within the Industrials sector, specifically in the Building Products & Equipment industry, and also falls under the Consumer Durables sector and Leisure Products industry. Latham Group offers a comprehensive portfolio of pools and related products, including in-ground swimming pools, pool liners, and pool covers, sold under various brand names such as Latham, Narellan, CoverStar, Radiant, and GLI. The company holds the number one market position in North America in every product category in which it competes.

Latham Group, Inc. operates across North America, Australia, and New Zealand, maintaining coast-to-coast operations with approximately 2,000 employees across over 30 locations. A majority of its revenue is derived from the United States. Latham's strategy includes expanding its presence in high-growth southern U.S. markets, often referred to as "Sand States," such as Florida and Texas, where fiberglass pool adoption is still growing.

Latham Group, Inc. has a long-standing heritage of innovation, having been founded in 1956. The company has pioneered a "direct-to-homeowner" digital and social marketing strategy to generate demand and provide high-quality leads to its dealer partners. In 2026, Latham is increasing its investment in targeted branding and marketing to enhance consumer awareness and educate homeowners on the benefits of fiberglass pools. The company also sponsors USA Artistic Swimming and partners with Olympic Gold Medalist Bode Miller to promote pool safety.

Latham Group, Inc. exhibits a concentrated ownership structure with significant institutional and insider participation. As of May 6, 2026, the company had 146 institutional owners holding a total of 111,919,127 shares, accounting for 83.95% of shares, while insider ownership is 7.33%. Major institutional owners include Pamplona Capital Management, LLC, Wellington Management Group Llp, Wynnchurch Capital Partners IV, L.P., Fmr Llc, Keybank National Association/oh, Citadel Advisors Llc, Vanguard Group Inc, BlackRock, Inc., Dimensional Fund Advisors Lp and Wasatch Advisors Inc. Pamplona Capital Partners V LP is identified as the largest individual Latham Group shareholder, owning 122.41 million shares, representing 104.83% of the company, valued at $776.06 million.