Mutual of America Capital Management LLC Lowers Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Mutual of America Capital Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 122,402 shares of the home improvement retailer's stock after selling 3,677 shares during the quarter. Home Depot accounts for approximately 0.5% of Mutual of America Capital Management LLC's portfolio, making the stock its 24th biggest position. Mutual of America Capital Management LLC's holdings in Home Depot were worth $44,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navigoe LLC purchased a new position in shares of Home Depot in the 4th quarter valued at about $29,000. Abound Financial LLC purchased a new stake in Home Depot during the first quarter worth approximately $31,000. Quarry LP lifted its stake in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Sellwood Investment Partners LLC purchased a new stake in Home Depot during the fourth quarter worth approximately $39,000. Finally, Quest 10 Wealth Builders Inc. lifted its stake in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.8%

Shares of HD stock opened at $370.15 on Friday. The business's fifty day moving average price is $366.14 and its 200 day moving average price is $375.43. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm has a market capitalization of $368.27 billion, a PE ratio of 25.11, a P/E/G ratio of 3.52 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the company earned $3.63 EPS. The company's revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.49%. Home Depot's payout ratio is 62.42%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Monday, June 30th. DA Davidson decreased their target price on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Gordon Haskett boosted their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Morgan Stanley restated an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Finally, Piper Sandler decreased their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.

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