Lowe’s Companies, Inc. (LOW) Stake Held by Woodstock Corp
Woodstock Corp held its stake in Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,805 shares of the home improvement retailer’s stock at the end of the second quarter. Woodstock Corp’s holdings in Lowe’s Companies were worth $528,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. lifted its stake in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after purchasing an additional 5 shares during the period. Harbour Capital Advisors LLC bought a new position in Lowe’s Companies during the first quarter worth about $103,000. Hanson McClain Inc. lifted its stake in Lowe’s Companies by 3.5% during the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after purchasing an additional 45 shares during the period. State of Alaska Department of Revenue lifted its stake in Lowe’s Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after purchasing an additional 110 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Lowe’s Companies during the first quarter worth about $119,000. Hedge funds and other institutional investors own 74.20% of the company’s stock.
In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.
Several analysts have recently weighed in on LOW shares. Bank of America Corporation started coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price objective for the company. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $85.00.
Lowe’s Companies, Inc. (NYSE LOW) traded up 1.24% during mid-day trading on Monday, reaching $79.20. 4,663,989 shares of the company’s stock were exchanged. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The stock has a 50-day moving average of $76.25 and a 200-day moving average of $79.59. The firm has a market cap of $65.96 billion, a price-to-earnings ratio of 22.49 and a beta of 1.07.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same quarter last year, the company posted $1.37 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. Analysts anticipate that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.10%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.
Lowe’s Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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