M. Kulyk & Associates LLC Makes New $10.85 Million Investment in The Home Depot, Inc. $HD

Key Points

• M. Kulyk & Associates LLC initiated a $10.85 million position in Home Depot, purchasing 30,769 shares during the second quarter. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in earnings per share and $47.86 billion in revenue, with revenue up 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, representing a 2.8% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $375.54, compared with shares recently trading near $337.54.

M. Kulyk & Associates LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 30,769 shares of the home improvement retailer's stock, valued at approximately $10,852,000. Home Depot makes up 1.8% of M. Kulyk & Associates LLC's investment portfolio, making the stock its 15th biggest position.

Several other large investors have also modified their holdings of HD. Curio Wealth LLC raised its stake in Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock valued at $76,000 after buying an additional 26 shares in the last quarter. Canandaigua National Trust Co of Florida grew its position in shares of Home Depot by 1.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer's stock worth $749,000 after acquiring an additional 27 shares in the last quarter. Moneco Advisors LLC increased its holdings in shares of Home Depot by 0.3% in the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock valued at $3,008,000 after acquiring an additional 27 shares during the last quarter. Noesis Capital Mangement Corp increased its holdings in shares of Home Depot by 1.5% in the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock valued at $609,000 after acquiring an additional 27 shares during the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. raised its position in shares of Home Depot by 1.3% during the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer's stock valued at $733,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD opened at $337.54 on Tuesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The firm has a market capitalization of $336.56 billion, a PE ratio of 23.62, a P/E/G ratio of 3.70 and a beta of 0.95. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The business's fifty day moving average price is $341.02 and its two-hundred day moving average price is $339.89.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during 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%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BNP Paribas Exane reduced their price objective on Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 19th. Wolfe Research cut shares of Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $423.00 to $396.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings raised shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

About Home Depot

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source