Aurdan Capital Management LLC Sells 5,829 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Aurdan Capital Management LLC lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,168 shares of the home improvement retailer's stock after selling 5,829 shares during the quarter. Lowe's Companies accounts for about 3.4% of Aurdan Capital Management LLC's investment portfolio, making the stock its 6th largest holding. Aurdan Capital Management LLC's holdings in Lowe's Companies were worth $9,135,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies during the 4th quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in Lowe's Companies in the first quarter valued at approximately $32,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $33,000. Orion Capital Management LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Lowe's Companies during the first quarter worth $36,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Up 1.1%

LOW traded up $2.39 on Thursday, hitting $227.96. 2,417,072 shares of the company's stock were exchanged, compared to its average volume of 2,501,086. The stock has a fifty day moving average of $224.10 and a two-hundred day moving average of $234.56. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The firm has a market cap of $127.76 billion, a PE ratio of 18.89, a P/E/G ratio of 2.13 and a beta of 0.90.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 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 company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. During the same period in the prior year, the company earned $3.06 earnings per share. The business's revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current 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 issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is 38.11%.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the 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 transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a report on Thursday, May 22nd. Truist Financial set a $264.00 price objective on shares of Lowe's Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. DA Davidson lowered their target price on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Citigroup reiterated a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. Finally, Sanford C. Bernstein set a $266.00 price target on Lowe's Companies and gave the company an "outperform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.12.

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.