Windward Capital Management Co. CA Reduces Stock Position in The Home Depot, Inc. (NYSE:HD)

Windward Capital Management Co. CA trimmed its position in The Home Depot, Inc. (NYSE:HD) by 2.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 13,696 shares of the home improvement retailer’s stock after selling 362 shares during the quarter. Windward Capital Management Co. CA’s holdings in Home Depot were worth $4,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bey Douglas LLC acquired a new stake in Home Depot during the 4th quarter worth about $913,000. MinichMacGregor Wealth Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $387,000. Cambridge Investment Research Advisors Inc. raised its position in Home Depot by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after acquiring an additional 2,209 shares in the last quarter. Empirical Finance LLC lifted its holdings in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after acquiring an additional 1,195 shares during the period. Finally, Commonwealth Retirement Investments LLC boosted its position in Home Depot by 5.5% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $360.05 on Friday. 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 fifty day moving average is $357.27 and its two-hundred day moving average is $354.04. The firm has a market capitalization of $357.03 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the company posted $4.65 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday, August 13th. Jefferies Financial Group initiated coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. TD Cowen lowered their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, Truist Financial reduced their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot 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.