Lighthouse Wealth Management Inc. Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Lighthouse Wealth Management Inc. acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 662 shares of the home improvement retailer’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Mount Yale Investment Advisors LLC lifted its position in Home Depot by 25.6% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 12,219 shares of the home improvement retailer’s stock worth $4,753,000 after acquiring an additional 2,490 shares during the last quarter. Curran Financial Partners LLC boosted its stake in Home Depot by 8.5% in the 4th quarter. Curran Financial Partners LLC now owns 739 shares of the home improvement retailer’s stock valued at $287,000 after purchasing an additional 58 shares during the period. McLean Asset Management Corp grew its holdings in Home Depot by 1.7% in the 4th quarter. McLean Asset Management Corp now owns 2,683 shares of the home improvement retailer’s stock valued at $1,044,000 after buying an additional 44 shares in the last quarter. Webster Bank N. A. increased its position in Home Depot by 1.0% during the 4th quarter. Webster Bank N. A. now owns 19,663 shares of the home improvement retailer’s stock worth $7,649,000 after buying an additional 203 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Home Depot by 9.2% during the fourth quarter. Pacer Advisors Inc. now owns 80,292 shares of the home improvement retailer’s stock worth $31,233,000 after buying an additional 6,752 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 1.3 %

NYSE HD opened at $413.46 on Thursday. The stock has a market capitalization of $410.72 billion, a P/E ratio of 28.09, a P/E/G ratio of 4.32 and a beta of 1.05. The business has a 50 day simple moving average of $407.66 and a 200 day simple moving average of $391.78. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.18%. Home Depot’s payout ratio is currently 61.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HD shares. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Guggenheim raised their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. TD Cowen upped their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Morgan Stanley boosted their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from 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.