Kingswood Wealth Advisors LLC Has $2.06 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Kingswood Wealth Advisors LLC boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 45.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,833 shares of the home improvement retailer's stock after acquiring an additional 2,777 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Lowe's Companies were worth $2,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Lowe's Companies during the fourth quarter worth approximately $1,842,954,000. Kovitz Investment Group Partners LLC lifted its position in Lowe's Companies by 350.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock worth $585,770,000 after buying an additional 1,846,315 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Lowe's Companies by 26,796.0% during the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock valued at $386,540,000 after buying an additional 1,651,170 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Lowe's Companies during the 4th quarter valued at $314,435,000. Finally, Northern Trust Corp grew its holdings in shares of Lowe's Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after acquiring an additional 993,833 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOW. Robert W. Baird cut their price objective on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Truist Financial set a $264.00 price target on Lowe's Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Mizuho reissued an "outperform" rating and issued a $280.00 price target on shares of Lowe's Companies in a research note on Friday, June 13th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, May 21st. Finally, Piper Sandler reduced their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $271.12.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies 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 sale, the executive vice president now owns 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Lowe's Companies Trading Up 0.5%

LOW traded up $1.13 during midday trading on Friday, reaching $211.96. The company's stock had a trading volume of 1,056,254 shares, compared to its average volume of 2,525,201. The company has a fifty day simple moving average of $223.18 and a 200 day simple moving average of $238.45. The stock has a market cap of $118.79 billion, a P/E ratio of 17.57, a PEG ratio of 1.99 and a beta of 0.92. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. Lowe's Companies's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $3.06 earnings per share. Sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current 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 issued a dividend of $1.20 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.26%. Lowe's Companies's payout ratio is presently 38.11%.

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.