Hengehold Capital Management LLC Has $470,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Mar 30th, 2023

Hengehold Capital Management LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,488 shares of the home improvement retailer’s stock after buying an additional 74 shares during the quarter. Hengehold Capital Management LLC’s holdings in Home Depot were worth $470,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HD. Teamwork Financial Advisors LLC lifted its holdings in shares of Home Depot by 1.4% in the 4th quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock worth $729,000 after acquiring an additional 31 shares during the last quarter. Insight Wealth Strategies LLC lifted its holdings in shares of Home Depot by 0.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock worth $1,830,000 after acquiring an additional 32 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Home Depot by 5.4% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock worth $178,000 after acquiring an additional 33 shares during the last quarter. Virtue Capital Management LLC lifted its holdings in shares of Home Depot by 1.4% in the 3rd quarter. Virtue Capital Management LLC now owns 2,476 shares of the home improvement retailer’s stock worth $683,000 after acquiring an additional 33 shares during the last quarter. Finally, Coastal Bridge Advisors LLC lifted its holdings in shares of Home Depot by 0.6% in the 3rd quarter. Coastal Bridge Advisors LLC now owns 5,744 shares of the home improvement retailer’s stock worth $1,585,000 after acquiring an additional 34 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Credit Suisse Group lowered their price target on shares of Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Telsey Advisory Group lowered their price target on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Evercore ISI reduced their price objective on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. UBS Group reduced their price objective on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Finally, Barclays reduced their price objective on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.61.

Home Depot Stock Up 0.9 %

NYSE HD opened at $283.36 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The company has a fifty day moving average of $303.96 and a two-hundred day moving average of $303.23. The firm has a market capitalization of $287.60 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.59 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were paid a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a yield of 2.95%. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date was Wednesday, March 8th. Home Depot’s payout ratio is presently 50.12%.

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.