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Steward Financial Group LLC Has $279,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Financial News Live · Jan 29, 2023 10:21

Steward Financial Group LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 158.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,013 shares of the home improvement retailer's stock after buying an additional 621 shares during the period. Steward Financial Group LLC's holdings in Home Depot were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Personal Financial Services raised its position in Home Depot by 81.1% during the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer's stock valued at $26,000 after buying an additional 43 shares during the period. Fairfield Bush & CO. acquired a new position in Home Depot in the 1st quarter worth about $27,000. Grayhawk Investment Strategies Inc. acquired a new position in Home Depot in the 2nd quarter worth about $28,000. Mizuho Securities Co. Ltd. increased its position in Home Depot by 119.5% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 49 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC acquired a new position in Home Depot in the 3rd quarter worth about $41,000. 68.31% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares of the company's stock, valued at approximately $1,222,747.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares of the company's stock, valued at approximately $1,222,747.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paula Santilli bought 1,583 shares of the company's stock in a transaction dated Wednesday, November 16th. The stock was bought at an average cost of $315.80 per share, with a total value of $499,911.40. Following the completion of the acquisition, the director now owns 1,583 shares in the company, valued at approximately $499,911.40. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Raymond James lowered Home Depot from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 16th. Exane BNP Paribas lowered Home Depot from an "outperform" rating to a "neutral" rating and set a $286.00 target price on the stock. in a research report on Wednesday, October 19th. Piper Sandler dropped their target price on Home Depot from $327.00 to $323.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 16th. JPMorgan Chase & Co. dropped their target price on Home Depot from $347.00 to $300.00 in a research report on Friday, November 11th. Finally, Guggenheim decreased their price target on Home Depot to $335.00 in a research note on Thursday, November 17th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $341.24.

Home Depot Stock Performance

Shares of HD stock traded up $2.88 during mid-day trading on Friday, reaching $316.69. The stock had a trading volume of 2,761,169 shares, compared to its average volume of 2,832,614. The firm's 50 day simple moving average is $321.03 and its 200 day simple moving average is $303.43. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $374.67. The firm has a market cap of $324.21 billion, a PE ratio of 19.09, a P/E/G ratio of 1.69 and a beta of 0.95.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 EPS for the quarter, topping analysts' consensus estimates of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company had revenue of $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. During the same quarter last year, the company earned $3.92 EPS. The company's quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 16.64 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.40%. Home Depot's payout ratio is presently 45.81%.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.