Nova R Wealth Inc. Has $244,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Nova R Wealth Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 15.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 885 shares of the home improvement retailer’s stock after selling 160 shares during the quarter. Nova R Wealth Inc.’s holdings in Home Depot were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $28,000. Mizuho Securities Co. Ltd. grew its position in shares of Home Depot by 119.5% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 49 shares during the period. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $27,000. Klaas Financial Asset Advisors LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $41,000. Finally, Goodman Advisory Group LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 68.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial cut their target price on Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a report on Wednesday, November 16th. MKM Partners cut their target price on Home Depot from $330.00 to $312.00 in a report on Wednesday, November 9th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 21st. The Goldman Sachs Group cut their target price on Home Depot from $366.00 to $329.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. cut their target price on Home Depot from $347.00 to $300.00 in a report on Friday, November 11th. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $341.24.

Home Depot Trading Up 0.7 %

Shares of HD opened at $317.53 on Friday. The business has a 50-day moving average of $314.67 and a 200 day moving average of $298.94. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $404.09. The firm has a market cap of $325.06 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company had revenue of $38.87 billion during the quarter, compared to analyst estimates of $37.96 billion. During the same quarter last year, the firm posted $3.92 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 16.64 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, November 30th. Home Depot’s dividend payout ratio (DPR) is currently 45.81%.

Insider Buying and Selling

In related news, Director Paula Santilli bought 1,583 shares of Home Depot stock in a transaction on Wednesday, November 16th. The stock was acquired at an average price of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares of the company’s stock, valued at $499,911.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Home Depot news, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Santilli bought 1,583 shares of Home Depot stock in a transaction on Wednesday, November 16th. The shares were bought at an average cost of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares in the company, valued at $499,911.40. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

Home Depot Profile

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Featured Stories

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.