Beacon Investment Advisory Services Inc. Has $3.32 Million Stake in The Home Depot, Inc. $HD

Beacon Investment Advisory Services Inc. reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 78.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,425 shares of the home improvement retailer's stock after selling 33,998 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Home Depot were worth $3,324,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HD. Bank of Nova Scotia acquired a new position in Home Depot during the second quarter worth $118,723,000. Gator Capital Management LLC bought a new stake in Home Depot during the fourth quarter worth $3,693,000. AFT Forsyth & Company Inc. acquired a new stake in Home Depot in the second quarter valued at $1,896,000. Field & Main Bank acquired a new stake in Home Depot in the second quarter valued at $6,286,000. Finally, King Luther Capital Management Corp grew its position in shares of Home Depot by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after acquiring an additional 7,180 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In related news, CFO Richard McPhail sold 5,989 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,154 shares of company stock worth $3,132,798 in the last ninety days. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HD shares. Argus reaffirmed a "buy" rating and issued a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. BNP Paribas Exane reduced their price target on Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a report on Tuesday, May 19th. Gordon Haskett boosted their price target on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. The Goldman Sachs Group dropped their price objective on Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research note on Wednesday, May 20th. Finally, HSBC cut their price objective on Home Depot from $392.00 to $310.00 and set a "hold" rating for the company in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Stock Down 2.3%

Shares of HD opened at $313.58 on Wednesday. The firm has a market cap of $312.86 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The firm's 50-day simple moving average is $337.98 and its 200 day simple moving average is $335.09.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the business posted $4.68 earnings per share. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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