Capital Investment Advisors LLC Boosts Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Capital Investment Advisors LLC grew its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 47.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,935 shares of the home improvement retailer's stock after buying an additional 3,496 shares during the period. Capital Investment Advisors LLC's holdings in Lowe's Companies were worth $2,550,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wood Tarver Financial Group LLC purchased a new stake in Lowe's Companies during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe's Companies during the 4th quarter valued at $31,000. Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies during the 4th quarter worth $33,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at $36,000. Finally, IFS Advisors LLC boosted its stake in shares of Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 60 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. 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 report on Monday, March 24th. KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a report on Friday, April 25th. Robert W. Baird lowered their price objective on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $271.12.

Insider Transactions at Lowe's Companies

In other Lowe's Companies 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 value of $257,075.00. Following the completion of the sale, the executive vice president now directly owns 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

Lowe's Companies Stock Down 1.0%

Shares of Lowe's Companies stock opened at $225.35 on Monday. The stock has a market cap of $126.29 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The business has a fifty day simple moving average of $223.72 and a 200-day simple moving average of $241.40.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. The firm's revenue was down 2.0% on a year-over-year basis. Analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, July 23rd. 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.

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