Armstrong Advisory Group Inc. Has $1.47 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Armstrong Advisory Group Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 4.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,631 shares of the home improvement retailer’s stock after selling 153 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Home Depot were worth $1,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the 2nd quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot in the first quarter valued at approximately $38,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the 4th quarter valued at $39,000. Finally, Denver PWM LLC purchased a new stake in Home Depot in the 2nd quarter worth approximately $40,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. Truist Financial cut their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Guggenheim increased their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $402.38.

Home Depot Trading Up 0.5 %

Shares of NYSE:HD opened at $411.90 on Monday. The stock has a 50 day moving average of $378.34 and a 200 day moving average of $356.92. The company has a market cap of $408.45 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $420.03. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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. This represents a $9.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is presently 60.36%.

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.