Rep. Bruce Westerman Purchases Shares of The Home Depot, Inc. (NYSE:HD)

Representative Bruce Westerman (R-Arkansas) recently bought shares of The Home Depot, Inc. (NYSE:HD). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Home Depot stock on March 3rd. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) on 4/2/2025.
• Purchased $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/24/2025.
• Purchased $1,001 – $15,000 in shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) on 3/21/2025.
• Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 3/21/2025.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/20/2025.

Home Depot Stock Performance

Shares of HD stock opened at $354.85 on Friday. The stock has a market capitalization of $352.73 billion, a PE ratio of 24.11, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business’s 50 day simple moving average is $369.30 and its 200 day simple moving average is $394.32.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 earnings per share. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analysts Set New Price Targets

Several brokerages have issued reports on HD. Gordon Haskett lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Wells Trecaso Financial Group LLC grew its holdings in Home Depot by 2.1% during the first quarter. Wells Trecaso Financial Group LLC now owns 19,408 shares of the home improvement retailer’s stock valued at $7,112,000 after purchasing an additional 402 shares during the period. Broderick Brian C grew its stake in shares of Home Depot by 0.3% during the 1st quarter. Broderick Brian C now owns 35,858 shares of the home improvement retailer’s stock worth $13,142,000 after acquiring an additional 122 shares during the period. Lion Street Advisors LLC increased its holdings in Home Depot by 2.9% in the 1st quarter. Lion Street Advisors LLC now owns 1,382 shares of the home improvement retailer’s stock worth $506,000 after acquiring an additional 39 shares during the last quarter. Bender Robert & Associates raised its stake in Home Depot by 4.3% in the 1st quarter. Bender Robert & Associates now owns 9,153 shares of the home improvement retailer’s stock valued at $3,354,000 after acquiring an additional 374 shares during the period. Finally, Shepherd Financial Partners LLC lifted its holdings in Home Depot by 1.5% during the first quarter. Shepherd Financial Partners LLC now owns 9,505 shares of the home improvement retailer’s stock valued at $3,483,000 after purchasing an additional 144 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About Home Depot

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.