Vestment Financial LLC Buys New Stake in Lowe's Companies, Inc. (NYSE:LOW)

Vestment Financial LLC purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,994 shares of the home improvement retailer's stock, valued at approximately $984,000. Lowe's Companies comprises 0.8% of Vestment Financial LLC's portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also recently made changes to their positions in LOW. Klingenstein Fields & Co. LP increased its stake in Lowe's Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares during the last quarter. Powers Advisory Group LLC grew its holdings in Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after buying an additional 40 shares in the last quarter. Saxony Capital Management LLC lifted its holdings in Lowe's Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after purchasing an additional 40 shares during the period. Gen Wealth Partners Inc boosted its holdings in shares of Lowe's Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after acquiring an additional 40 shares in the last quarter. Finally, Cordatus Wealth Management LLC increased its position in shares of Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

LOW has been the topic of several recent research reports. Piper Sandler decreased their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada cut their target price on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research report on Thursday. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research report on Wednesday. Robert W. Baird reduced their price objective on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $273.04.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $3.63 during trading hours on Thursday, hitting $223.74. 3,116,717 shares of the company's stock were exchanged, compared to its average volume of 2,513,541. The stock has a market capitalization of $125.23 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.96 and a beta of 1.00. The company's 50-day moving average price is $224.69 and its 200-day moving average price is $245.29. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. The business 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 8.19% and a negative return on equity of 47.55%. Lowe's Companies's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.06 earnings per share. On average, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. Lowe's Companies's dividend payout ratio is currently 37.67%.

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.