CCM Investment Advisers LLC Has $20.83 Million Stake in The Home Depot, Inc. (NYSE:HD)

CCM Investment Advisers LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,400 shares of the home improvement retailer’s stock after acquiring an additional 469 shares during the quarter. Home Depot accounts for about 2.3% of CCM Investment Advisers LLC’s holdings, making the stock its 10th largest position. CCM Investment Advisers LLC’s holdings in Home Depot were worth $20,827,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Albion Financial Group UT lifted its position in shares of Home Depot by 0.9% in the 3rd quarter. Albion Financial Group UT now owns 66,201 shares of the home improvement retailer’s stock worth $26,825,000 after acquiring an additional 614 shares during the period. Hoese & Co LLP lifted its position in shares of Home Depot by 11.9% in the 3rd quarter. Hoese & Co LLP now owns 292 shares of the home improvement retailer’s stock worth $118,000 after acquiring an additional 31 shares during the period. Watts Gwilliam & Co. LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $984,000. LifePro Asset Management lifted its position in shares of Home Depot by 97.4% during the 3rd quarter. LifePro Asset Management now owns 2,248 shares of the home improvement retailer’s stock worth $911,000 after buying an additional 1,109 shares during the period. Finally, Capital Insight Partners LLC lifted its position in shares of Home Depot by 3.6% during the 3rd quarter. Capital Insight Partners LLC now owns 11,940 shares of the home improvement retailer’s stock worth $4,838,000 after buying an additional 417 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $410.00 on Friday. The business’s 50-day moving average price is $377.21 and its two-hundred day moving average price is $357.09. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a market cap of $407.25 billion, a PE ratio of 27.59, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $420.03.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.65 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s payout ratio is presently 60.57%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. DA Davidson raised their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Evercore ISI dropped their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $360.00 to $460.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $402.38.

Home Depot 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.