Compton Wealth Advisory Group LLC Sells 66 Shares of The Home Depot, Inc. (NYSE:HD)

Compton Wealth Advisory Group LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 8,932 shares of the home improvement retailer’s stock after selling 66 shares during the quarter. Home Depot accounts for 0.9% of Compton Wealth Advisory Group LLC’s holdings, making the stock its 26th biggest holding. Compton Wealth Advisory Group LLC’s holdings in Home Depot were worth $3,619,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Novak & Powell Financial Services Inc. bought a new stake in Home Depot in the 4th quarter worth about $326,000. WNY Asset Management LLC grew its stake in shares of Home Depot by 17.1% in the fourth quarter. WNY Asset Management LLC now owns 2,153 shares of the home improvement retailer’s stock worth $746,000 after acquiring an additional 314 shares during the period. Sierra Summit Advisors LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $771,000. Kampmann Melissa S. lifted its position in Home Depot by 3.6% during the fourth quarter. Kampmann Melissa S. now owns 4,770 shares of the home improvement retailer’s stock valued at $1,653,000 after purchasing an additional 165 shares during the period. Finally, Peterson Wealth Management boosted its holdings in Home Depot by 4.4% in the fourth quarter. Peterson Wealth Management now owns 4,231 shares of the home improvement retailer’s stock worth $1,466,000 after purchasing an additional 178 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.5 %

Shares of NYSE HD opened at $411.90 on Friday. The stock has a market capitalization of $408.45 billion, a P/E ratio of 27.63, a PEG ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $420.03. The business’s 50 day moving average is $378.34 and its two-hundred day moving average is $357.12. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HD shares. Melius Research assumed coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Piper Sandler increased their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Truist Financial cut their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. UBS Group upped their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $402.38.

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.