Mutual of America Capital Management LLC reduced its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,532 shares of the home improvement retailer’s stock after selling 1,831 shares during the quarter. Home Depot makes up 0.4% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Mutual of America Capital Management LLC’s holdings in Home Depot were worth $38,722,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of HD. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Key Capital Management INC purchased a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Financially Speaking Inc purchased a new stake in shares of Home Depot during the 3rd quarter valued at $31,000. Navalign LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $31,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of Home Depot during the 4th quarter valued at $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
HD has been the subject of several research analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $365.00 target price on shares of Home Depot in a research report on Tuesday, May 19th. Weiss Ratings lowered Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. UBS Group lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Argus lowered their target price on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Truist Financial lowered their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $371.39.
Insider Activity at Home Depot
In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.
Home Depot Stock Down 2.1%
HD stock opened at $310.58 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $309.68 billion, a PE ratio of 22.06, a PEG ratio of 3.66 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a 50-day simple moving average of $324.35 and a two-hundred day simple moving average of $349.17.
Home Depot (NYSE:HD – Get Free Report) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s payout ratio is presently 66.19%.
Home Depot Company Profile
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
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