Custom Index Systems LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Custom Index Systems LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 203.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,185 shares of the home improvement retailer’s stock after buying an additional 1,464 shares during the quarter. Custom Index Systems LLC’s holdings in Home Depot were worth $752,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HD. Ruedi Wealth Management Inc. boosted its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after purchasing an additional 27 shares during the period. Cape Investment Advisory Inc. lifted its position in Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after buying an additional 28 shares during the last quarter. Acorn Creek Capital LLC boosted its stake in Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after buying an additional 28 shares during the period. STAR Financial Bank increased its position in Home Depot by 0.7% during the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after acquiring an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC raised its stake in shares of Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after acquiring an additional 29 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $360.05 on Friday. The firm has a 50 day moving average of $357.27 and a 200 day moving average of $354.04. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $357.03 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during 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 business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.65 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HD shares. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research report on Tuesday, August 13th. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Finally, HSBC cut their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $387.79.

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.