Mutual of America Capital Management LLC Sells 3,439 Shares of Lowe’s Companies, Inc. $LOW

Mutual of America Capital Management LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,740 shares of the home improvement retailer’s stock after selling 3,439 shares during the period. Mutual of America Capital Management LLC’s holdings in Lowe’s Companies were worth $15,265,000 at the end of the most recent quarter.

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

Lowe’s Companies Stock Up 0.5%

LOW opened at $276.46 on Monday. The company has a market cap of $155.08 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 4.59 and a beta of 0.96. The firm’s 50-day moving average price is $249.28 and its 200-day moving average price is $246.36. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $281.36.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter in the previous year, the firm earned $2.89 EPS. Lowe’s Companies’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors 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 payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. TD Cowen upped their target price on Lowe’s Companies from $250.00 to $295.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Gordon Haskett upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price target on the stock in a research note on Tuesday, January 13th. UBS Group decreased their price objective on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Wells Fargo & Company dropped their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $283.65.

Insider Buying and Selling

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

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.