Windward Capital Management Co. CA Sells 362 Shares of The Home Depot, Inc. (NYSE:HD)

Windward Capital Management Co. CA lowered its position in The Home Depot, Inc. (NYSE:HD) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,696 shares of the home improvement retailer’s stock after selling 362 shares during the quarter. Windward Capital Management Co. CA’s holdings in Home Depot were worth $4,715,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HD. Norges Bank bought a new stake in Home Depot in the fourth quarter worth about $4,311,070,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Home Depot in the first quarter worth approximately $513,016,000. Capital Research Global Investors lifted its stake in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the period. Finally, Swedbank AB purchased a new position in Home Depot in the 1st quarter worth about $301,364,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.5 %

Shares of NYSE:HD opened at $360.05 on Friday. The business’s 50-day moving average is $357.27 and its 200 day moving average is $354.04. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm has a market capitalization of $357.03 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.55 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business 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%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.65 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HD shares. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Truist Financial dropped their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Loop Capital decreased their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. HSBC lowered their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Finally, TD Cowen decreased their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $387.79.

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.