NorthCrest Asset Manangement LLC Acquires 1,992 Shares of Lowe's Companies, Inc. (NYSE:LOW)

NorthCrest Asset Manangement LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,905 shares of the home improvement retailer's stock after buying an additional 1,992 shares during the period. NorthCrest Asset Manangement LLC's holdings in Lowe's Companies were worth $22,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LOW. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Lowe's Companies in the 4th quarter valued at about $31,000. Caisse Des Depots ET Consignations purchased a new position in Lowe's Companies in the 4th quarter valued at about $33,000. Orion Capital Management LLC purchased a new position in Lowe's Companies in the 4th quarter valued at about $36,000. Finally, IFS Advisors LLC raised its holdings in Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president now directly owns 31,898 shares of the company's stock, valued at approximately $7,256,795. This 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 price objective on shares of Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. KeyCorp raised shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective for the company in a research report on Friday, April 25th. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Trading Down 2.9%

Shares of NYSE:LOW traded down $6.51 during trading on Friday, hitting $216.99. 2,425,924 shares of the company's stock were exchanged, compared to its average volume of 2,523,920. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a 50-day moving average price of $223.77 and a two-hundred day moving average price of $240.11. The firm has a market cap of $121.61 billion, a P/E ratio of 18.10, a PEG ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $21.09 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Lowe's Companies's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.06 EPS. As a group, research analysts predict 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 given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 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.