Greystone Financial Group LLC Purchases 7,529 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Greystone Financial Group LLC boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 60,008 shares of the home improvement retailer's stock after buying an additional 7,529 shares during the period. Lowe's Companies makes up approximately 2.5% of Greystone Financial Group LLC's holdings, making the stock its 11th biggest holding. Greystone Financial Group LLC's holdings in Lowe's Companies were worth $13,996,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Citizens Bank & Trust Co. raised its holdings in shares of Lowe's Companies by 1.0% during the first quarter. First Citizens Bank & Trust Co. now owns 47,706 shares of the home improvement retailer's stock worth $11,126,000 after acquiring an additional 473 shares during the period. Single Point Partners LLC bought a new position in shares of Lowe's Companies during the first quarter worth about $297,000. Capital Investment Advisors LLC increased its holdings in Lowe's Companies by 47.0% during the first quarter. Capital Investment Advisors LLC now owns 10,935 shares of the home improvement retailer's stock worth $2,550,000 after buying an additional 3,496 shares during the last quarter. Tilia Fiduciary Partners Inc. lifted its stake in shares of Lowe's Companies by 2.0% during the 1st quarter. Tilia Fiduciary Partners Inc. now owns 10,845 shares of the home improvement retailer's stock worth $2,529,000 after buying an additional 215 shares during the last quarter. Finally, Bennett Selby Investments LP boosted its holdings in shares of Lowe's Companies by 8.0% during the 1st quarter. Bennett Selby Investments LP now owns 4,095 shares of the home improvement retailer's stock worth $955,000 after buying an additional 304 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

NYSE LOW traded down $2.88 on Wednesday, hitting $222.01. The stock had a trading volume of 997,089 shares, compared to its average volume of 2,519,373. The firm has a 50-day moving average of $223.54 and a 200-day moving average of $241.00. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The company has a market capitalization of $124.43 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92.

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

Lowe's Companies Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.16%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is 39.77%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LOW. Citigroup restated a "neutral" rating and set a $253.00 price objective (down from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Wells Fargo & Company lowered their target price on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Truist Financial set a $264.00 price objective on Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley lowered their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Sanford C. Bernstein set a $266.00 target price on Lowe's Companies and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One equities 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 company. According to MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Insider Transactions at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm'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 transaction of $257,075.00. Following the transaction, the executive vice president now directly owns 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.

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.