The Home Depot, Inc. $HD Shares Acquired by CCM Investment Advisers LLC

Key Points

• CCM Investment Advisers LLC increased its stake in Home Depot by 3.7%, owning 53,382 shares valued at approximately $19.57 million, making it the 17th largest holding in their portfolio.
• Home Depot reported earnings per share (EPS) of $4.68 for the last quarter, slightly missing analysts' expectations, while the company's revenue grew 4.9% year-over-year to $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, reflecting an annualized dividend of $9.20 and a yield of 2.2%, with a payout ratio of 62.5%.

CCM Investment Advisers LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,382 shares of the home improvement retailer's stock after purchasing an additional 1,888 shares during the quarter. Home Depot accounts for 2.1% of CCM Investment Advisers LLC's holdings, making the stock its 17th largest holding. CCM Investment Advisers LLC's holdings in Home Depot were worth $19,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Abound Financial LLC acquired a new position in shares of Home Depot during the first quarter worth about $31,000. Iron Horse Wealth Management LLC grew its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $40,000. Compass Financial Services Inc acquired a new stake in shares of Home Depot in the 1st quarter valued at $41,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

HD stock opened at $410.82 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $408.93 billion, a P/E ratio of 27.91, a PEG ratio of 3.91 and a beta of 1.00. The business has a 50 day simple moving average of $396.82 and a 200-day simple moving average of $373.84. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the firm earned $4.60 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio is 62.50%.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HD shares. Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. JPMorgan Chase & Co. dropped their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. DA Davidson restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $437.08.

Home Depot Company 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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