University of Texas Texas AM Investment Management Co. Purchases 3,446 Shares of The Home Depot, Inc. $HD

Key Points

• University of Texas Texas A&M Investment Management Co. increased its Home Depot stake 27.5% in the third quarter, adding 3,446 shares to hold 15,958 shares valued at about $4.54 million.
• Home Depot reported quarterly EPS of $4.92, beating the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion. Its FY 2026 EPS guidance is $14.69–$15.28.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $375.31; the article also reports a quarterly dividend of $2.33 per share.

University of Texas Texas AM Investment Management Co. grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 27.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,958 shares of the home improvement retailer's stock after buying an additional 3,446 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Home Depot were worth $4,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia acquired a new position in shares of Home Depot in the 2nd quarter valued at $118,723,000. AFT Forsyth & Company Inc. bought a new position in shares of Home Depot in the 2nd quarter worth $1,896,000. Field & Main Bank bought a new position in shares of Home Depot in the 2nd quarter worth $6,286,000. State Street Corp grew its stake in shares of Home Depot by 1.1% during the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Home Depot by 9.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer's stock worth $17,315,000 after purchasing an additional 4,292 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD stock opened at $343.48 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The firm has a fifty day moving average of $309.42 and a 200-day moving average of $334.08. The firm has a market capitalization of $342.69 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.93.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Insiders Place Their Bets

In other news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 9,829 shares of company stock valued at $3,339,314 over the last ninety days. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Home Depot in a report on Friday, October 2nd. Guggenheim restated a "buy" rating and set a $425.00 target price on shares of Home Depot in a report on Wednesday, August 19th. TD Cowen restated a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Sanford C. Bernstein lowered their price target on Home Depot from $354.00 to $344.00 and set a "market perform" rating for the company in a research note on Wednesday, September 9th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $375.31.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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.