Westwood Management Corp IL Holds Stake in Lowe’s Companies, Inc. (LOW)
Westwood Management Corp IL held its position in Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,370 shares of the home improvement retailer’s stock at the end of the second quarter. Westwood Management Corp IL’s holdings in Lowe’s Companies were worth $726,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Valicenti Advisory Services Inc. boosted its position in Lowe’s Companies by 5.1% in the first quarter. Valicenti Advisory Services Inc. now owns 53,675 shares of the home improvement retailer’s stock valued at $4,413,000 after buying an additional 2,625 shares during the period. Heritage Trust Co bought a new position in Lowe’s Companies during the first quarter valued at $789,000. Tufton Capital Management bought a new position in Lowe’s Companies during the first quarter valued at $423,000. Professional Advisory Services Inc. bought a new position in Lowe’s Companies during the first quarter valued at $226,000. Finally, Access Financial Services Inc. boosted its position in Lowe’s Companies by 4.8% in the first quarter. Access Financial Services Inc. now owns 17,736 shares of the home improvement retailer’s stock valued at $1,458,000 after buying an additional 811 shares during the period. Institutional investors own 74.70% of the company’s stock.
Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.32% during trading on Friday, hitting $77.26. 3,090,052 shares of the stock traded hands. The stock has a 50 day moving average price of $76.69 and a 200-day moving average price of $79.41. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 24.23 and a beta of 1.08. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion during the quarter, compared to analysts’ expectations of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. Lowe’s Companies’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were issued a $0.41 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, July 24th. Lowe’s Companies’s payout ratio is 51.57%.
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Several brokerages recently commented on LOW. Jefferies Group LLC increased their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Zacks Investment Research cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Vetr upgraded shares of Lowe’s Companies from a “strong sell” rating to a “hold” rating and set a $83.11 target price for the company in a report on Monday, April 24th. BidaskClub cut shares of Lowe’s Companies from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Sanford C. Bernstein restated an “underperform” rating and set a $69.00 target price on shares of Lowe’s Companies in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $85.23.
In related news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the transaction, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by insiders.
Lowe’s Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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