#4 - Home Depot (NYSE:HD)
The importance of the housing market has been on display in 2024. The company’s revenue and earnings were lower year-over-year in the first two quarters but rebounded in the third and fourth quarters as housing activity picked up with lower interest rates. That performance has pushed HD stock up 13.2% for the year. It also all but ensures that Home Depot will make it 16 consecutive years of dividend increases, and most likely that increase will occur when it reports earnings in February 2025.
The company has a dividend yield of 2.3% and a robust annual per-share payout of $9. The company also has delivered an annualized three-year dividend growth of 11.6%. The trailing 12-month payout ratio of 61% is a little high, but when measured in terms of the company’s cash flow, it’s a more appealing 52%.
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.
More- Current Price
- $384.82
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 21 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $433.44 (12.6% Upside)
