CCM Investment Advisers LLC Acquires 801 Shares of The Home Depot, Inc. (NYSE:HD)

CCM Investment Advisers LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,964 shares of the home improvement retailer’s stock after purchasing an additional 801 shares during the quarter. Home Depot accounts for 2.3% of CCM Investment Advisers LLC’s holdings, making the stock its 12th biggest position. CCM Investment Advisers LLC’s holdings in Home Depot were worth $18,355,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bare Financial Services Inc bought a new position in shares of Home Depot in the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC increased its position in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot in the fourth quarter worth $35,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD traded down $1.04 during trading on Friday, reaching $346.84. 2,588,960 shares of the company were exchanged, compared to its average volume of 3,346,942. The company’s 50-day moving average is $337.58 and its two-hundred day moving average is $351.28. The company has a market cap of $343.93 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 2.39 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.82 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.59%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analysts Set New Price Targets

A number of research firms have issued reports on HD. Wedbush reiterated an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Citigroup cut their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Truist Financial dropped their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Wells Fargo & Company lowered their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Finally, HSBC lowered their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $377.46.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.