Crux Wealth Advisors Invests $1.78 Million in The Home Depot, Inc. (NYSE:HD)

Crux Wealth Advisors purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,582 shares of the home improvement retailer's stock, valued at approximately $1,782,000.

A number of other hedge funds have also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new stake in Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the fourth quarter worth $32,000. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the fourth quarter worth $39,000. Finally, NewSquare Capital LLC increased its stake in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial reduced their price objective on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $434.08.

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Home Depot Stock Performance

Shares of HD stock traded down $3.59 on Tuesday, hitting $353.61. 2,880,687 shares of the stock were exchanged, compared to its average volume of 3,484,680. The firm has a market capitalization of $351.50 billion, a PE ratio of 24.02, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm's 50 day moving average is $374.14 and its two-hundred day moving average is $395.67.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the previous year, the business earned $2.82 earnings per share. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.60%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio is presently 61.66%.

About Home Depot

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.