Windward Capital Management Co. CA Has $4.97 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Windward Capital Management Co. reduced its stake in The Home Depot by 4.9% in the first quarter, holding 13,560 shares valued at approximately $4.97 million.
• The Home Depot reported $3.56 EPS for the last quarter, missing estimates by $0.03, but revenue increased by 9.4% year-over-year to $39.86 billion.
• The company's recent quarterly dividend of $2.30 per share represents an annualized payout of $9.20, yielding 2.3%, with a payout ratio of 62.42%.

Windward Capital Management Co. CA reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,560 shares of the home improvement retailer's stock after selling 693 shares during the period. Windward Capital Management Co. CA's holdings in Home Depot were worth $4,969,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Navigoe LLC acquired a new position in Home Depot in the 4th quarter worth about $29,000. Abound Financial LLC acquired a new position in Home Depot in the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC increased its position in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the last quarter. Quarry LP increased its position in Home Depot by 220.0% in the 4th 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. Finally, Quest 10 Wealth Builders Inc. increased its position in Home Depot by 35.7% in the 1st 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. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the topic of several research reports. Royal Bank Of Canada dropped their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. TD Securities lowered Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. lowered 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. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 completion of the sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company's stock.

Home Depot Price Performance

HD stock traded down $4.29 during midday trading on Thursday, reaching $397.45. 2,922,133 shares of the company's stock traded hands, compared to its average volume of 3,549,203. The company has a 50-day simple moving average of $372.65 and a two-hundred day simple moving average of $371.64. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a market cap of $395.43 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.87 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the business earned $4.60 earnings per share. The company's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

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.