Maia Wealth LLC Invests $1.21 Million in The Home Depot, Inc. (NYSE:HD)

Maia Wealth LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,988 shares of the home improvement retailer’s stock, valued at approximately $1,210,000.

A number of other large investors have also recently made changes to their positions in the business. Ballast Advisors LLC grew its position in shares of Home Depot by 1.8% in the 3rd quarter. Ballast Advisors LLC now owns 1,898 shares of the home improvement retailer’s stock worth $769,000 after buying an additional 33 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Home Depot by 4.2% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,029 shares of the home improvement retailer’s stock valued at $822,000 after purchasing an additional 82 shares in the last quarter. Radnor Capital Management LLC bought a new stake in shares of Home Depot during the third quarter valued at approximately $3,857,000. Catalina Capital Group LLC boosted its position in shares of Home Depot by 7.7% during the third quarter. Catalina Capital Group LLC now owns 6,529 shares of the home improvement retailer’s stock valued at $2,645,000 after purchasing an additional 464 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in shares of Home Depot by 4.1% during the third quarter. Beacon Financial Advisory LLC now owns 1,611 shares of the home improvement retailer’s stock valued at $653,000 after purchasing an additional 64 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 3.0 %

Home Depot stock opened at $388.19 on Thursday. The stock has a market cap of $385.59 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The stock has a fifty day moving average of $393.80 and a 200 day moving average of $363.10.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.65 earnings per share. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Wells Fargo & Company lifted their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley lifted their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, DA Davidson lifted their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.37.

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.