The Home Depot, Inc. (NYSE:HD) Shares Purchased by Godsey & Gibb Inc.

Posted by on Jul 2nd, 2023

Godsey & Gibb Inc. lifted its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,471 shares of the home improvement retailer’s stock after acquiring an additional 625 shares during the period. Home Depot accounts for approximately 2.2% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 20th biggest holding. Godsey & Gibb Inc.’s holdings in Home Depot were worth $18,436,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the 1st quarter valued at about $27,000. Align Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $30,000. Glassy Mountain Advisors Inc. acquired a new stake in shares of Home Depot during the 4th quarter valued at about $30,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $32,000. Finally, EWG Elevate Inc. acquired a new stake in shares of Home Depot during the 4th quarter valued at about $36,000. 69.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total value of $440,221.18. Following the sale, the executive vice president now owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Home Depot Stock Up 0.9 %

Shares of NYSE HD opened at $310.64 on Friday. The firm has a market cap of $312.31 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.00 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 1.27 and a debt-to-equity ratio of 113.02. The Home Depot, Inc. has a 52-week low of $265.61 and a 52-week high of $347.25. The business’s 50 day moving average is $295.79 and its two-hundred day moving average is $303.02.

Home Depot (NYSE:HD – Free Report) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.02. The company had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.09 earnings per share. Research analysts predict that The Home Depot, Inc. will post 14.97 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Wednesday, May 31st. Home Depot’s payout ratio is 50.94%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HD shares. Wells Fargo & Company raised their target price on Home Depot from $325.00 to $345.00 in a research report on Thursday, June 8th. Loop Capital raised their price target on shares of Home Depot from $280.00 to $300.00 in a research note on Wednesday, June 14th. Robert W. Baird raised their price target on shares of Home Depot from $310.00 to $330.00 in a research note on Tuesday, June 13th. Citigroup decreased their price target on shares of Home Depot from $332.00 to $327.00 in a research note on Wednesday, May 10th. Finally, Sanford C. Bernstein decreased their price target on shares of Home Depot from $333.00 to $314.00 in a research note on Wednesday, May 17th. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.43.

Home Depot Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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