BNC Wealth Management LLC Has $2.03 Million Holdings in The Home Depot, Inc. (NYSE:HD)

BNC Wealth Management LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,006 shares of the home improvement retailer’s stock after acquiring an additional 125 shares during the period. BNC Wealth Management LLC’s holdings in Home Depot were worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HD. WoodTrust Financial Corp increased its stake in Home Depot by 6.3% during the 3rd quarter. WoodTrust Financial Corp now owns 27,723 shares of the home improvement retailer’s stock worth $11,233,000 after purchasing an additional 1,655 shares in the last quarter. Vickerman Investment Advisors Inc. boosted its position in shares of Home Depot by 0.7% during the third quarter. Vickerman Investment Advisors Inc. now owns 7,024 shares of the home improvement retailer’s stock worth $2,846,000 after buying an additional 50 shares during the period. GGM Financials LLC bought a new position in shares of Home Depot during the third quarter worth about $300,000. Walkner Condon Financial Advisors LLC lifted its stake in Home Depot by 17.8% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,597 shares of the home improvement retailer’s stock valued at $647,000 after acquiring an additional 241 shares in the last quarter. Finally, Baugh & Associates LLC boosted its position in Home Depot by 1.9% during the 3rd quarter. Baugh & Associates LLC now owns 25,053 shares of the home improvement retailer’s stock worth $9,849,000 after acquiring an additional 459 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $388.19 on Thursday. The stock’s 50-day moving average is $393.80 and its 200-day moving average is $363.10. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. The stock has a market cap of $385.59 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $4.65 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HD. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada reduced their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Guggenheim increased their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. Finally, Oppenheimer raised their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. One research 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 stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $416.37.

Home Depot Company 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.