Silver Oak Securities Incorporated Decreases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Silver Oak Securities Incorporated reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 53.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,221 shares of the home improvement retailer’s stock after selling 2,570 shares during the period. Silver Oak Securities Incorporated’s holdings in Lowe’s Companies were worth $494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Trust & Investment Management Co acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $5,890,000. Syon Capital LLC raised its stake in shares of Lowe’s Companies by 23.3% in the 4th quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after purchasing an additional 1,345 shares in the last quarter. Biondo Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 1.0% in the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after purchasing an additional 620 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Lowe’s Companies by 18.6% during the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock worth $829,000 after acquiring an additional 584 shares during the period. Finally, Legacy CG LLC raised its stake in Lowe’s Companies by 25.0% during the fourth quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock worth $5,107,000 after acquiring an additional 4,583 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Oppenheimer restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Piper Sandler increased their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, Evercore ISI decreased their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Up 0.5 %

Shares of Lowe’s Companies stock opened at $230.94 on Tuesday. The company has a market capitalization of $132.14 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The firm’s 50-day moving average price is $240.06 and its two-hundred day moving average price is $220.18.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 earnings per share. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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

Lowe’s Companies Company Profile

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.