Truist Financial Corp Sells 75,178 Shares of The Home Depot, Inc. (NYSE:HD)

Truist Financial Corp decreased its position in The Home Depot, Inc. (NYSE:HD) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,179,195 shares of the home improvement retailer’s stock after selling 75,178 shares during the quarter. Home Depot makes up 0.7% of Truist Financial Corp’s portfolio, making the stock its 27th biggest position. Truist Financial Corp owned approximately 0.12% of Home Depot worth $458,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter worth $41,000. Sugar Maple Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

NYSE:HD opened at $409.47 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a 50-day simple moving average of $404.49 and a two-hundred day simple moving average of $396.34. The firm has a market capitalization of $406.75 billion, a PE ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HD shares. Royal Bank of Canada increased their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus increased their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

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.