Beacon Financial Advisory LLC Raises Stake in The Home Depot, Inc. $HD

Beacon Financial Advisory LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 14.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,880 shares of the home improvement retailer’s stock after purchasing an additional 236 shares during the period. Beacon Financial Advisory LLC’s holdings in Home Depot were worth $689,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Asset Planning Services Inc. LA ADV lifted its position in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. Nuveen LLC bought a new stake in Home Depot in the 1st quarter valued at about $2,076,592,000. Price T Rowe Associates Inc. MD raised its stake in Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Home Depot during the second quarter valued at about $418,486,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after purchasing an additional 891,326 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Wolfe Research began coverage on Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $436.40.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.0%

Home Depot stock opened at $394.88 on Monday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market cap of $393.06 billion, a P/E ratio of 26.83, a PEG ratio of 3.75 and a beta of 1.00. The firm’s fifty day moving average price is $402.63 and its 200-day moving average price is $376.51.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the firm earned $4.60 earnings per share. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot’s dividend payout ratio is presently 62.50%.

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.