Griffith & Werner Inc. Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Griffith & Werner Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, Holdings Channel.com reports. The firm acquired 9,253 shares of the home improvement retailer’s stock, valued at approximately $3,599,000. Home Depot accounts for 2.4% of Griffith & Werner Inc.’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Castlekeep Investment Advisors LLC bought a new stake in Home Depot in the fourth quarter valued at $1,211,000. Peak Retirement Planning Inc. bought a new position in shares of Home Depot in the 4th quarter worth $248,000. Drucker Wealth 3.0 LLC grew its position in Home Depot by 7.1% in the 4th quarter. Drucker Wealth 3.0 LLC now owns 724 shares of the home improvement retailer’s stock valued at $282,000 after purchasing an additional 48 shares during the period. Ball & Co Wealth Management Inc. bought a new stake in Home Depot during the 4th quarter valued at $92,000. Finally, Warm Springs Advisors Inc. bought a new stake in Home Depot during the 4th quarter valued at $1,590,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.8%

Shares of NYSE:HD opened at $363.17 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock’s 50-day moving average price is $359.90 and its 200-day moving average price is $387.20. The stock has a market capitalization of $361.00 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 earnings per share. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, June 5th. Home Depot’s payout ratio is 62.42%.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday. KGI Securities raised Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Royal Bank of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 15th. Finally, TD Securities reiterated a “buy” rating and set a $470.00 price target on shares of Home Depot in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.