Yukon Wealth Management Inc. Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

Yukon Wealth Management Inc. acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,043 shares of the home improvement retailer's stock, valued at approximately $476,000.

A number of other large investors also recently bought and sold shares of the company. Gen Wealth Partners Inc grew its position in Lowe's Companies by 1.9% in the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after purchasing an additional 40 shares during the last quarter. Peachtree Investment Partners LLC raised its stake in shares of Lowe's Companies by 3.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer's stock worth $317,000 after acquiring an additional 42 shares during the last quarter. Second Line Capital LLC lifted its stake in shares of Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after acquiring an additional 44 shares during the period. Lindbrook Capital LLC grew its holdings in Lowe's Companies by 0.6% during the 4th quarter. Lindbrook Capital LLC now owns 7,509 shares of the home improvement retailer's stock worth $1,853,000 after acquiring an additional 46 shares during the period. Finally, Dumont & Blake Investment Advisors LLC raised its position in shares of Lowe's Companies by 1.1% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock valued at $1,066,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LOW shares. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Piper Sandler reduced their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. DA Davidson decreased their price objective on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 price target on Lowe's Companies and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president directly owned 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company's stock.

Lowe's Companies Trading Down 0.7%

NYSE LOW traded down $1.68 during trading on Wednesday, hitting $226.96. 2,174,320 shares of the company's stock were exchanged, compared to its average volume of 2,495,439. The stock's 50 day moving average price is $223.54 and its two-hundred day moving average price is $235.51. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market cap of $127.20 billion, a PE ratio of 18.80, a P/E/G ratio of 2.10 and a beta of 0.91.

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, beating analysts' consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 earnings per share. Analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 38.11%.

Lowe's Companies 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.