Mason & Associates Inc Has $749,000 Position in The Home Depot, Inc. (NYSE:HD)

Mason & Associates Inc raised its stake in The Home Depot, Inc. (NYSE:HD) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,925 shares of the home improvement retailer’s stock after buying an additional 302 shares during the quarter. Mason & Associates Inc’s holdings in Home Depot were worth $749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Heritage Family Offices LLP increased its position in Home Depot by 5.3% in the 4th quarter. Heritage Family Offices LLP now owns 5,358 shares of the home improvement retailer’s stock worth $2,084,000 after purchasing an additional 269 shares during the last quarter. West Financial Advisors LLC increased its holdings in Home Depot by 675.0% in the fourth quarter. West Financial Advisors LLC now owns 186 shares of the home improvement retailer’s stock worth $72,000 after buying an additional 162 shares during the last quarter. Flywheel Private Wealth LLC bought a new position in Home Depot during the fourth quarter valued at approximately $334,000. Rovin Capital UT ADV bought a new position in Home Depot during the fourth quarter valued at approximately $238,000. Finally, Smith Thornton Advisors LLC lifted its stake in Home Depot by 14.4% in the fourth quarter. Smith Thornton Advisors LLC now owns 2,524 shares of the home improvement retailer’s stock valued at $982,000 after acquiring an additional 317 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $409.21 on Friday. The firm has a market capitalization of $406.50 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a 50-day moving average price of $406.24 and a 200 day moving average price of $386.78.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. Home Depot’s revenue was up 6.6% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HD shares. Barclays raised their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley upped their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Bank of America increased their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.