Lockheed Martin Investment Management Co. Has $18.12 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Lockheed Martin Investment Management Co. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,570 shares of the home improvement retailer’s stock after selling 640 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Home Depot were worth $18,115,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in Home Depot in the fourth quarter valued at about $26,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at approximately $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at approximately $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the 3rd quarter worth approximately $46,000. Finally, Finley Financial LLC bought a new position in Home Depot in the 4th quarter valued at approximately $59,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $413.92 on Friday. 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 price is $406.84 and its 200-day moving average price is $393.55. The firm has a market capitalization of $411.18 billion, a P/E ratio of 28.12, a P/E/G ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly 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. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.81 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. Bank of America upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Truist Financial upped their price objective on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.