The Home Depot, Inc. (NYSE:HD) Stake Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,572 shares of the home improvement retailer’s stock after purchasing an additional 763 shares during the quarter. Home Depot accounts for 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 24th largest position. Mutual of America Capital Management LLC’s holdings in Home Depot were worth $49,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Buckingham Strategic Wealth LLC grew its position in Home Depot by 3.8% in the third quarter. Buckingham Strategic Wealth LLC now owns 25,178 shares of the home improvement retailer’s stock worth $8,265,000 after acquiring an additional 927 shares in the last quarter. ARGI Investment Services LLC boosted its holdings in shares of Home Depot by 15.2% during the 3rd quarter. ARGI Investment Services LLC now owns 8,703 shares of the home improvement retailer’s stock worth $2,857,000 after buying an additional 1,147 shares during the period. Formidable Asset Management LLC boosted its holdings in shares of Home Depot by 308.7% during the 3rd quarter. Formidable Asset Management LLC now owns 5,771 shares of the home improvement retailer’s stock worth $1,894,000 after buying an additional 4,359 shares during the period. IndexIQ Advisors LLC boosted its holdings in shares of Home Depot by 2.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 27,789 shares of the home improvement retailer’s stock worth $9,122,000 after buying an additional 575 shares during the period. Finally, D Orazio & Associates Inc. boosted its holdings in shares of Home Depot by 188.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,065 shares of the home improvement retailer’s stock worth $350,000 after buying an additional 696 shares during the period. 69.53% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on HD shares. Truist Securities raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price objective for the stock from $420.00 to $448.00 in a report on Thursday. Raymond James upped their target price on shares of Home Depot from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, November 12th. Wedbush upped their target price on shares of Home Depot from $340.00 to $410.00 and gave the company a “neutral” rating in a research note on Wednesday, November 17th. Morgan Stanley upped their target price on shares of Home Depot from $370.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, November 17th. Finally, Evercore ISI upped their target price on shares of Home Depot from $385.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, November 17th. Five analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $419.16.

Shares of Home Depot stock traded down $13.53 during trading on Friday, reaching $373.45. The company’s stock had a trading volume of 160,319 shares, compared to its average volume of 3,697,643. The firm has a market cap of $389.97 billion, a PE ratio of 25.64, a P/E/G ratio of 2.06 and a beta of 0.98. The business’s 50-day moving average price is $398.48 and its 200-day moving average price is $356.74. The Home Depot, Inc. has a 52 week low of $246.59 and a 52 week high of $420.61. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 35.47.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 16th. The home improvement retailer reported $3.92 EPS for the quarter, beating the Zacks’ consensus estimate of $3.41 by $0.51. The business had revenue of $36.82 billion during the quarter, compared to the consensus estimate of $34.87 billion. Home Depot had a return on equity of 786.90% and a net margin of 10.79%. Home Depot’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.18 earnings per share. Equities analysts predict that The Home Depot, Inc. will post 15.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 16th. Stockholders of record on Thursday, December 2nd were paid a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, December 1st. Home Depot’s dividend payout ratio is currently 44.12%.

In other Home Depot news, CFO Richard V. Mcphail sold 14,544 shares of the stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $392.83, for a total transaction of $5,713,319.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 18,878 shares of the stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $395.19, for a total value of $7,460,396.82. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Home Depot Profile

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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