Crews Bank & Trust Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

by · The Cerbat Gem

Crews Bank & Trust trimmed its position in The Home Depot, Inc. (NYSE:HDFree Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,894 shares of the home improvement retailer’s stock after selling 204 shares during the period. Crews Bank & Trust’s holdings in Home Depot were worth $2,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Buck Wealth Strategies LLC grew its position in Home Depot by 32.2% in the 1st quarter. Buck Wealth Strategies LLC now owns 1,706 shares of the home improvement retailer’s stock valued at $625,000 after buying an additional 416 shares during the last quarter. Heartland Bank & Trust Co boosted its position in shares of Home Depot by 7.3% during the 1st quarter. Heartland Bank & Trust Co now owns 3,870 shares of the home improvement retailer’s stock worth $1,418,000 after purchasing an additional 264 shares in the last quarter. Cyr Financial Inc. boosted its position in shares of Home Depot by 6.1% during the 1st quarter. Cyr Financial Inc. now owns 1,641 shares of the home improvement retailer’s stock worth $601,000 after purchasing an additional 94 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its position in shares of Home Depot by 2.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 46,771 shares of the home improvement retailer’s stock worth $17,141,000 after purchasing an additional 1,203 shares in the last quarter. Finally, Rappaport Reiches Capital Management LLC boosted its position in shares of Home Depot by 9.4% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,321 shares of the home improvement retailer’s stock worth $484,000 after purchasing an additional 113 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Friday. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Truist Financial boosted their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Finally, KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $426.77.

Get Our Latest Report on HD

Home Depot Trading Up 0.9%

NYSE HD opened at $350.21 on Friday. The company has a 50-day moving average of $362.65 and a 200-day moving average of $379.75. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market cap of $348.44 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.32 and a beta of 1.02.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the company posted $3.63 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Company Profile

(Free Report)

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.

Further Reading

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