Delta Financial Advisors LLC Sells 1,393 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Delta Financial Advisors LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,776 shares of the home improvement retailer’s stock after selling 1,393 shares during the quarter. Lowe’s Companies comprises approximately 1.2% of Delta Financial Advisors LLC’s portfolio, making the stock its 24th biggest holding. Delta Financial Advisors LLC’s holdings in Lowe’s Companies were worth $2,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the third quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies in the third quarter worth about $40,000. Finally, True Wealth Design LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $42,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded up $2.04 during mid-day trading on Thursday, hitting $230.90. The stock had a trading volume of 603,916 shares, compared to its average volume of 2,533,437. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The business has a 50 day moving average price of $239.29 and a two-hundred day moving average price of $218.38. The firm has a market cap of $132.12 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the previous year, the firm earned $2.28 earnings per share. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. Equities research analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LOW shares. Piper Sandler increased their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Citigroup raised their target price on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Mizuho initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price on the stock. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $252.52.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.