Atlantic Union Bankshares Corp Boosts Holdings in The Home Depot, Inc. $HD

Atlantic Union Bankshares Corp raised its position in The Home Depot, Inc. (NYSE:HD) by 59.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,438 shares of the home improvement retailer’s stock after purchasing an additional 40,232 shares during the period. Home Depot accounts for 0.8% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 20th biggest position. Atlantic Union Bankshares Corp’s holdings in Home Depot were worth $43,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HD. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the 2nd quarter worth $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot during the 2nd quarter worth $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the second quarter worth $35,000. Dougherty Wealth Advisers LLC bought a new position in Home Depot in the third quarter valued at $38,000. Finally, Marquette Asset Management LLC bought a new position in Home Depot in the third quarter valued at $38,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares in the company, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.7%

NYSE:HD opened at $374.33 on Monday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The firm’s 50-day moving average price is $359.69 and its 200-day moving average price is $378.99. The company has a market capitalization of $372.65 billion, a PE ratio of 25.52, a P/E/G ratio of 13.96 and a beta of 1.08. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HD shares. Evercore ISI dropped their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Bank of America dropped their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Telsey Advisory Group reduced their price target on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Oppenheimer lowered their price objective on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a report on Friday, December 5th. Finally, Citigroup cut their price objective on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $404.50.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.