Duncan Williams Asset Management LLC Grows Stake in The Home Depot, Inc. (NYSE:HD)

Duncan Williams Asset Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 41.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,185 shares of the home improvement retailer’s stock after acquiring an additional 939 shares during the quarter. Home Depot comprises 0.7% of Duncan Williams Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Duncan Williams Asset Management LLC’s holdings in Home Depot were worth $1,291,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HD. Abacus Wealth Partners LLC raised its stake in shares of Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after buying an additional 25 shares in the last quarter. Ruedi Wealth Management Inc. increased its stake in Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 27 shares in the last quarter. Acorn Creek Capital LLC increased its stake in Home Depot by 3.4% in the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after purchasing an additional 28 shares in the last quarter. Talisman Wealth Advisors LLC increased its stake in Home Depot by 1.2% in the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares in the last quarter. Finally, LMG Wealth Partners LLC increased its stake in Home Depot by 1.7% in the 2nd quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.1 %

Shares of NYSE HD opened at $411.56 on Friday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $412.97. The firm has a market cap of $408.11 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock’s 50-day simple moving average is $372.30 and its 200-day simple moving average is $356.14.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.65 earnings per share. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Jefferies Financial Group initiated coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Wednesday. Truist Financial dropped their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus decreased their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.23.

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.