Oakworth Capital Inc. Reduces Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Oakworth Capital Inc. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,938 shares of the home improvement retailer’s stock after selling 51 shares during the quarter. Oakworth Capital Inc.’s holdings in Lowe’s Companies were worth $1,322,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LOW. Orion Capital Management LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC acquired a new position in Lowe’s Companies in the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

Shares of LOW stock traded up $0.91 during trading hours on Wednesday, hitting $229.26. 1,019,564 shares of the company were exchanged, compared to its average volume of 2,546,294. The business has a 50 day moving average of $239.15 and a two-hundred day moving average of $218.31. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The company has a market capitalization of $131.18 billion, a PE ratio of 17.35, a PEG ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. On average, research analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Barclays increased their price target on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Evercore ISI cut their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, UBS Group lifted their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Company Profile

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.