2 weeks Ago By ABMN Staff
William B. Walkup & Associates Inc. purchased a new position in Lowe’s Companies, Inc.
( NYSE:LOW – Free Report ) during the 2nd quarter, HoldingsChannel reports. The fund purchased 10,217 shares of the home improvement retailer’s stock, valued at approximately $2,252,000. Lowe’s Companies makes up approximately 1.
5% of William B. Walkup & Associates Inc.’s investment portfolio, making the stock its 19th largest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Voisard Asset Management Group Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $28,000.
Transcendent Capital Group LLC purchased a new stake in Lowe’s Companies in the 4th quarter valued at $31,000. Stephens Consulting LLC increased its stake in shares of Lowe’s Companies by 93.3% in the 2nd quarter.
Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Keener Financial Planning LLC purchased a new position in shares of Lowe’s Companies during the 1st quarter worth $35,000. Finally, Raleigh Capital Management Inc.
boosted its position in shares of Lowe’s Companies by 48.8% during the 4th quarter. Raleigh Capital Management Inc.
now owns 183 shares of the home improvement retailer’s stock valued at $41,000 after acquiring an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades LOW has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Lowe’s Companies from $250.00 to $255.
00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $272.
00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Wedbush reiterated a “neutral” rating and issued a $250.
00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Bank of America reduced their target price on Lowe’s Companies from $280.00 to $275.
00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Finally, Melius Research assumed coverage on Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.
00 price target on the stock. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $258.
13. Lowe’s Companies Price Performance LOW opened at $267.14 on Monday.
Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $268.
71. The stock has a market capitalization of $152.23 billion, a price-to-earnings ratio of 21.
46, a PEG ratio of 2.15 and a beta of 1.10.
The business has a fifty day moving average price of $246.22 and a 200 day moving average price of $236.10.
Lowe’s Companies ( NYSE:LOW – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.
96 by $0.14. Lowe’s Companies had a net margin of 8.
25% and a negative return on equity of 47.07%. The company had revenue of $23.
59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter in the previous year, the firm earned $4.
56 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis.
On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current year.
Lowe’s Companies Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $1.15 dividend.
This represents a $4.60 annualized dividend and a yield of 1.72%.
The ex-dividend date is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15.
Lowe’s Companies’s dividend payout ratio is 36.95%. Insider Buying and Selling at Lowe’s Companies In other news, CAO Dan Clayton Griggs, Jr.
sold 6,769 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.
58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06.
The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . 0.26% of the stock is owned by insiders.
About Lowe’s Companies ( 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.
Featured Stories Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. ( NYSE:LOW – Free Report ).
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