Montz Harcus Wealth Management LLC Sells 167 Shares of The Home Depot, Inc. $HD

Montz Harcus Wealth Management LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,779 shares of the home improvement retailer’s stock after selling 167 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Home Depot were worth $652,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. Brighton Jones LLC increased its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Vest Financial LLC increased its stake in shares of Home Depot by 67.6% in the 1st quarter. Vest Financial LLC now owns 8,062 shares of the home improvement retailer’s stock valued at $2,955,000 after acquiring an additional 3,252 shares in the last quarter. Fjell Capital LLC increased its stake in shares of Home Depot by 7.7% in the 1st quarter. Fjell Capital LLC now owns 2,864 shares of the home improvement retailer’s stock valued at $1,050,000 after acquiring an additional 204 shares in the last quarter. MRA Advisory Group increased its stake in shares of Home Depot by 10.2% in the 1st quarter. MRA Advisory Group now owns 1,873 shares of the home improvement retailer’s stock valued at $686,000 after acquiring an additional 174 shares in the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in shares of Home Depot by 2.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 7,769 shares of the home improvement retailer’s stock valued at $2,847,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $394.88 on Friday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market capitalization of $393.06 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00. The firm’s fifty day moving average price is $402.63 and its two-hundred day moving average price is $376.21. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

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

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

HD has been the subject of several research reports. Truist Financial lifted their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Wolfe Research initiated coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company lifted their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $436.40.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last ninety days. Corporate 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.