Brentview Investment Management LLC Buys 1,316 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Key Points

• Brentview Investment Management LLC increased its holdings in Lowe's Companies by 6.6%, now owning 21,273 shares valued at approximately $4.96 million.
• Lowe's Companies recently reported earnings of $2.92 per share, surpassing analyst expectations of $2.88, despite a 2.0% year-over-year decline in revenue.
• The company announced an increase in its quarterly dividend from $1.15 to $1.20 per share, reflecting a dividend yield of 2.11%.

Brentview Investment Management LLC raised its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,273 shares of the home improvement retailer's stock after acquiring an additional 1,316 shares during the quarter. Lowe's Companies makes up about 2.6% of Brentview Investment Management LLC's portfolio, making the stock its 12th biggest position. Brentview Investment Management LLC's holdings in Lowe's Companies were worth $4,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth approximately $32,000. Orion Capital Management LLC acquired a new position in shares of Lowe's Companies during the 4th quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Lowe's Companies during the 1st quarter valued at approximately $36,000. Finally, IFS Advisors LLC raised its position in shares of Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 60 shares during the period. Institutional investors own 74.06% of the company's stock.

Insider Activity

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president owned 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Citigroup cut their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research report on Thursday. Royal Bank Of Canada lowered their target price on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. Guggenheim reiterated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research note on Tuesday, July 22nd. DA Davidson decreased their target price on 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. Finally, Wells Fargo & Company lowered their target price on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $270.68.

Lowe's Companies Stock Performance

LOW traded up $2.76 during mid-day trading on Friday, reaching $226.33. 3,400,746 shares of the stock were exchanged, compared to its average volume of 2,422,152. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The company has a 50 day moving average price of $223.03 and a two-hundred day moving average price of $231.74. The stock has a market capitalization of $126.84 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89.

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, beating the consensus estimate of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The firm had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. During the same period last year, the firm posted $3.06 EPS. The business's revenue was down 2.0% compared to the same quarter last year. Sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe's Companies's dividend payout ratio is 39.77%.

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.