Campbell Deegan Wealth Management LLC Purchases New Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Campbell Deegan Wealth Management LLC bought a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,309 shares of the home improvement retailer's stock, valued at approximately $323,000.

Other institutional investors also recently bought and sold shares of the company. Lighthouse Financial LLC acquired a new position in shares of Lowe's Companies in the fourth quarter worth $284,000. Mattson Financial Services LLC raised its holdings in shares of Lowe's Companies by 11.9% in the fourth quarter. Mattson Financial Services LLC now owns 9,968 shares of the home improvement retailer's stock worth $2,700,000 after acquiring an additional 1,064 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies in the fourth quarter worth $25,000. Castle Rock Wealth Management LLC raised its holdings in shares of Lowe's Companies by 5.4% in the fourth quarter. Castle Rock Wealth Management LLC now owns 7,380 shares of the home improvement retailer's stock worth $1,858,000 after acquiring an additional 376 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV raised its holdings in shares of Lowe's Companies by 1.9% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 13,202 shares of the home improvement retailer's stock worth $3,258,000 after acquiring an additional 248 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of analyst reports. Citigroup reissued a "neutral" rating and issued a $253.00 price target (down from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Mizuho set a $280.00 target price on Lowe's Companies and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Stifel Nicolaus dropped their target price on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Finally, KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Stock Up 0.3%

Shares of NYSE LOW traded up $0.64 on Friday, hitting $225.57. The company had a trading volume of 4,127,230 shares, compared to its average volume of 2,513,115. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The business has a 50 day moving average of $224.20 and a two-hundred day moving average of $242.95. The firm has a market capitalization of $126.25 billion, a P/E ratio of 18.81, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter in the prior year, the business earned $3.06 earnings per share. The company's revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.13%. Lowe's Companies's dividend payout ratio is presently 39.77%.

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.