OmniStar Financial Group Inc. Has $903,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by on Mar 30th, 2023

OmniStar Financial Group Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,858 shares of the home improvement retailer’s stock after buying an additional 127 shares during the period. OmniStar Financial Group Inc.’s holdings in Home Depot were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. First Personal Financial Services increased its stake in shares of Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 43 shares during the period. Fairfield Bush & CO. bought a new position in Home Depot during the 1st quarter valued at $27,000. Align Wealth Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $30,000. Glassy Mountain Advisors Inc. purchased a new stake in shares of Home Depot during the 4th quarter valued at $30,000. Finally, Bellwether Advisors LLC increased its position in shares of Home Depot by 74.0% during the 3rd quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 54 shares during the last quarter. 68.31% of the stock is owned by institutional investors.

Home Depot Trading Up 0.9 %

Shares of NYSE HD opened at $283.36 on Thursday. The business has a fifty day moving average price of $303.96 and a 200 day moving average price of $303.23. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $347.25. The stock has a market capitalization of $287.60 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.04. The firm had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business posted $3.21 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were given a dividend of $2.09 per share. This is an increase from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date was Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a yield of 2.95%. Home Depot’s dividend payout ratio (DPR) is presently 50.12%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial cut their target price on Home Depot from $382.00 to $352.00 in a research note on Wednesday, February 22nd. Evercore ISI lowered their price target on Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. StockNews.com started coverage on Home Depot in a report on Thursday, March 16th. They set a “hold” rating on the stock. Cowen dropped their target price on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Finally, Bank of America dropped their target price on Home Depot from $360.00 to $346.00 in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $330.61.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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