Security National Bank of Sioux City Iowa IA Grows Stake in The Home Depot, Inc. $HD

Security National Bank of Sioux City Iowa IA grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 30.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,093 shares of the home improvement retailer’s stock after acquiring an additional 1,909 shares during the period. Home Depot comprises 1.2% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 25th biggest position. Security National Bank of Sioux City Iowa IA’s holdings in Home Depot were worth $2,854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Home Depot in the second quarter valued at $28,771,247,000. Geode Capital Management LLC increased its holdings in Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after acquiring an additional 343,153 shares during the last quarter. Bank of America Corp DE purchased a new stake in Home Depot during the second quarter valued at about $5,780,468,000. Norges Bank purchased a new stake in Home Depot during the fourth quarter valued at about $4,850,329,000. Finally, Capital World Investors boosted its position in Home Depot by 1.6% during the fourth quarter. Capital World Investors now owns 13,147,117 shares of the home improvement retailer’s stock worth $4,524,166,000 after purchasing an additional 201,694 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Guggenheim restated a “buy” rating and set a $425.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada cut their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. Mizuho boosted their price objective on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, DA Davidson reissued a “buy” rating and set a $377.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $375.18.

Home Depot Price Performance

NYSE HD traded down $2.51 on Friday, hitting $300.00. The stock had a trading volume of 8,188,234 shares, compared to its average volume of 4,348,805. The firm has a 50-day moving average of $332.17 and a 200-day moving average of $331.53. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $418.58. The company has a market capitalization of $299.30 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 3.33 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the prior year, the firm posted $4.68 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.1%. Home Depot’s payout ratio is presently 65.22%.

Insider Activity at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.