Fulton Bank N.A. Buys 1,351 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Fulton Bank N.A. raised its stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,873 shares of the home improvement retailer’s stock after buying an additional 1,351 shares during the quarter. Fulton Bank N.A.’s holdings in Lowe’s Companies were worth $5,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies in the third quarter valued at approximately $26,000. Tidemark LLC bought a new position in shares of Lowe’s Companies during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. bought a new position in shares of Lowe’s Companies during the fourth quarter worth $28,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $31,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW traded down $0.15 during mid-day trading on Thursday, hitting $227.62. The stock had a trading volume of 2,377,775 shares, compared to its average volume of 2,439,816. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market cap of $129.71 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.74 and a beta of 1.08. The company’s 50 day simple moving average is $226.22 and its 200 day simple moving average is $227.64.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The company had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $3.67 earnings per share. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Lowe’s Companies’s dividend payout ratio is currently 36.95%.

Analysts Set New Price Targets

LOW has been the topic of several research analyst reports. Citigroup dropped their price objective on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, May 21st. Zelman & Associates reissued a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. UBS Group lifted their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, Mizuho assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective for the company. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Hold” and a consensus target price of $251.33.

View Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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