Lowe’s Companies, Inc. $LOW Shares Purchased by Lbp Am Sa

Lbp Am Sa boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 308.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,659 shares of the home improvement retailer’s stock after buying an additional 45,062 shares during the period. Lbp Am Sa’s holdings in Lowe’s Companies were worth $14,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. SeaBridge Investment Advisors LLC increased its position in shares of Lowe’s Companies by 3.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after acquiring an additional 465 shares during the period. QRG Capital Management Inc. grew its stake in Lowe’s Companies by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after purchasing an additional 3,947 shares during the last quarter. First Pacific Financial increased its holdings in shares of Lowe’s Companies by 147.3% in the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after purchasing an additional 1,639 shares during the period. Facet Wealth Inc. purchased a new position in shares of Lowe’s Companies in the third quarter worth about $558,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Lowe’s Companies by 0.7% during the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock worth $183,344,000 after purchasing an additional 5,820 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Trading Up 0.5%

NYSE LOW opened at $276.46 on Monday. The stock has a market capitalization of $155.08 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 4.59 and a beta of 0.96. The stock has a 50-day moving average of $249.28 and a 200 day moving average of $246.36. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $281.36.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 earnings per share. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 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, February 4th. Shareholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Gordon Haskett upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price objective on the stock in a research note on Tuesday, January 13th. Morgan Stanley increased their price target on Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Truist Financial set a $295.00 price objective on Lowe’s Companies in a report on Friday, January 16th. Oppenheimer dropped their target price on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Finally, DA Davidson decreased their price target on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $283.65.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.