Cozad Asset Management Inc. Has $9.49 Million Position in The Home Depot, Inc. (NYSE:HD)

Cozad Asset Management Inc. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,414 shares of the home improvement retailer’s stock after selling 1,595 shares during the quarter. Home Depot makes up 0.9% of Cozad Asset Management Inc.’s holdings, making the stock its 28th biggest position. Cozad Asset Management Inc.’s holdings in Home Depot were worth $9,488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth $33,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the third quarter valued at about $46,000. Denver PWM LLC acquired a new position in shares of Home Depot in the second quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC raised its stake in Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $388.19 on Thursday. The business has a 50 day moving average of $393.80 and a 200-day moving average of $363.10. The firm has a market cap of $385.59 billion, a PE ratio of 26.12, a P/E/G ratio of 2.74 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the business earned $4.65 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HD. Oppenheimer lifted their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $416.37.

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.