Atlantic Union Bankshares Corp Purchases 44,488 Shares of The Home Depot, Inc. $HD

Atlantic Union Bankshares Corp lifted its position in The Home Depot, Inc. (NYSE:HD) by 195.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,206 shares of the home improvement retailer’s stock after buying an additional 44,488 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Home Depot were worth $24,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. grew its stake in shares of Home Depot by 4.9% in the second quarter. Asahi Life Asset Management CO. LTD. now owns 12,072 shares of the home improvement retailer’s stock valued at $4,426,000 after buying an additional 564 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Home Depot by 2.7% during the second quarter. First Horizon Advisors Inc. now owns 130,505 shares of the home improvement retailer’s stock worth $47,849,000 after purchasing an additional 3,491 shares during the period. Moors & Cabot Inc. boosted its position in Home Depot by 7.0% during the second quarter. Moors & Cabot Inc. now owns 44,893 shares of the home improvement retailer’s stock worth $16,459,000 after purchasing an additional 2,946 shares during the period. Simmons Bank boosted its position in Home Depot by 0.6% during the second quarter. Simmons Bank now owns 29,297 shares of the home improvement retailer’s stock worth $10,741,000 after purchasing an additional 177 shares during the period. Finally, Arrowroot Family Office LLC bought a new position in Home Depot during the second quarter worth $300,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial lifted their price objective on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Oppenheimer lifted their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Wolfe Research assumed coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $435.00.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. 0.10% of the stock is owned by company insiders.

Home Depot Trading Down 2.3%

Shares of Home Depot stock opened at $374.15 on Thursday. The firm has a 50-day moving average of $398.78 and a 200-day moving average of $381.19. The stock has a market cap of $372.42 billion, a PE ratio of 25.42, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

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.