Hall Capital Management Co. Inc. Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

Hall Capital Management Co. Inc. purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,220 shares of the home improvement retailer's stock, valued at approximately $301,000.

A number of other institutional investors have also recently bought and sold shares of LOW. Marshall Investment Management LLC bought a new stake in Lowe's Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at about $33,000. Orion Capital Management LLC acquired a new position in shares of Lowe's Companies during the fourth quarter worth about $36,000. Measured Risk Portfolios Inc. bought a new position in shares of Lowe's Companies during the fourth quarter worth about $42,000. Finally, Millstone Evans Group LLC bought a new stake in Lowe's Companies in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein set a $266.00 target price on shares of Lowe's Companies and gave the company an "outperform" rating in a research report on Thursday, May 22nd. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Citigroup reissued a "neutral" rating and set a $253.00 price target (down from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Truist Financial set a $264.00 price target on Lowe's Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $271.12.

Lowe's Companies Trading Up 0.1%

NYSE LOW traded up $0.31 during midday trading on Friday, hitting $225.24. The company had a trading volume of 1,475,589 shares, compared to its average volume of 2,512,144. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The company has a market capitalization of $126.07 billion, a PE ratio of 18.79, a P/E/G ratio of 1.96 and a beta of 1.00. The firm has a 50-day moving average price of $224.30 and a 200-day moving average price of $243.46.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.06 earnings per share. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current 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 $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is presently 38.11%.

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.