MBM Wealth Consultants LLC Acquires 183 Shares of The Home Depot, Inc. $HD

MBM Wealth Consultants LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,707 shares of the home improvement retailer’s stock after buying an additional 183 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Home Depot were worth $1,726,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Centerpoint Advisory Group lifted its stake in shares of Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after purchasing an additional 26 shares during the last quarter. Disciplined Investors L.L.C. lifted its position in Home Depot by 2.3% in the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after buying an additional 26 shares during the last quarter. Brio Consultants LLC boosted its stake in Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after buying an additional 26 shares during the period. Client 1ST Advisory Group LLC increased its position in Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after acquiring an additional 27 shares during the last quarter. Finally, BWM Planning LLC increased its position in Home Depot by 0.7% during the second quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock valued at $1,505,000 after acquiring an additional 27 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.4%

HD opened at $356.98 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock’s fifty day moving average is $378.59 and its two-hundred day moving average is $380.64. The company has a market capitalization of $355.37 billion, a P/E ratio of 24.25, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $436.36.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is currently 62.71%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HD. Guggenheim lowered their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 target price on shares of Home Depot in a research note on Monday, November 24th. Robert W. Baird decreased their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Home Depot in a research note on Tuesday, November 25th. Twenty-two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $404.60.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

About Home Depot

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.