RMR Wealth Builders Raises Stake in Lowe’s Companies, Inc. (NYSE:LOW)

RMR Wealth Builders lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,729 shares of the home improvement retailer’s stock after purchasing an additional 253 shares during the period. RMR Wealth Builders’ holdings in Lowe’s Companies were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Evexia Wealth LLC raised its holdings in shares of Lowe’s Companies by 2.3% during the 4th quarter. Evexia Wealth LLC now owns 34,187 shares of the home improvement retailer’s stock worth $7,504,000 after acquiring an additional 769 shares in the last quarter. Hyman Charles D increased its position in Lowe’s Companies by 16.0% in the fourth quarter. Hyman Charles D now owns 3,300 shares of the home improvement retailer’s stock worth $734,000 after purchasing an additional 455 shares during the last quarter. Everpar Advisors LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at $1,879,000. Gryphon Financial Partners LLC lifted its position in Lowe’s Companies by 10.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after purchasing an additional 138 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Lowe’s Companies in the 4th quarter worth $33,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LOW shares. Wells Fargo & Company raised 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. Stifel Nicolaus reduced their target price on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Truist Financial raised their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group upped their price target on shares of Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $252.67.

Lowe’s Companies Trading Up 0.3 %

Shares of NYSE LOW traded up $0.61 during midday trading on Wednesday, reaching $232.07. The company had a trading volume of 1,674,512 shares, compared to its average volume of 2,444,876. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The business’s 50-day simple moving average is $240.00 and its 200 day simple moving average is $221.68. The stock has a market cap of $132.79 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm’s revenue was down 17.1% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. Lowe’s Companies’s payout ratio is currently 33.43%.

About Lowe’s Companies

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.