First Nebraska Trust Co Acquires New Position in The Home Depot, Inc. $HD

Key Points

• First Nebraska Trust Co. initiated a Home Depot position, buying 11,812 shares worth approximately $3.36 million in the third quarter. Institutional investors and hedge funds collectively own 70.86% of the stock.
• Home Depot’s latest reported quarter beat analyst expectations, with EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion, up 5.7% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $375.31. The company’s quarterly dividend is $2.33 per share, equivalent to a 2.8% yield at the article’s cited share price.

First Nebraska Trust Co purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,812 shares of the home improvement retailer's stock, valued at approximately $3,360,000.

Several other hedge funds have also recently added to or reduced their stakes in HD. Winning Points Advisors LLC grew its stake in shares of Home Depot by 1.0% in the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer's stock valued at $1,020,000 after buying an additional 30 shares during the period. Beaird Harris Wealth Management LLC raised its position in shares of Home Depot by 1.6% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer's stock valued at $686,000 after buying an additional 31 shares during the period. Poehling Capital Management INC. raised its position in shares of Home Depot by 3.1% during the 2nd quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer's stock valued at $372,000 after buying an additional 32 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in Home Depot by 0.3% in the second quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer's stock valued at $3,929,000 after acquiring an additional 32 shares during the last quarter. Finally, Principia Wealth Advisory LLC lifted its holdings in Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 32 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 2.2%

NYSE HD opened at $333.49 on Wednesday. The firm's fifty day moving average price is $308.48 and its 200 day moving average price is $334.51. The company has a market capitalization of $332.72 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

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. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot's dividend payout ratio (DPR) is 65.22%.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Melius Research set a $397.00 price objective on shares of Home Depot in a report on Tuesday, October 6th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Jefferies Financial Group reiterated a "buy" rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Guggenheim restated a "buy" rating and issued a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Finally, Argus restated a "buy" rating and issued a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $375.31.

Trending Headlines about Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

Insider Activity at Home Depot

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares of the company's stock, valued at $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock worth $3,339,314 over the last three months. 0.08% of the stock is currently owned by company insiders.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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