Nwam LLC Cuts Position in Lowe's Companies, Inc. (NYSE:LOW)

Nwam LLC trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 60.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,582 shares of the home improvement retailer's stock after selling 3,964 shares during the period. Nwam LLC's holdings in Lowe's Companies were worth $602,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its stake in Lowe's Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after buying an additional 259 shares during the period. Proficio Capital Partners LLC increased its stake in Lowe's Companies by 72.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,429 shares of the home improvement retailer's stock worth $846,000 after buying an additional 1,444 shares during the period. HUB Investment Partners LLC increased its stake in Lowe's Companies by 39.2% during the 4th quarter. HUB Investment Partners LLC now owns 2,698 shares of the home improvement retailer's stock worth $666,000 after buying an additional 760 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in Lowe's Companies during the 4th quarter worth approximately $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Up 0.3%

NYSE:LOW traded up $0.56 during trading hours on Friday, reaching $219.14. 2,399,060 shares of the company's stock were exchanged, compared to its average volume of 2,495,500. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a market capitalization of $122.81 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 2.07 and a beta of 0.90. The company has a 50-day moving average of $223.61 and a 200 day moving average of $233.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its 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. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same quarter last year, the business earned $3.06 EPS. The business's revenue was down 2.0% on a year-over-year basis. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.19%. 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 dividend payout ratio (DPR) is 38.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DA Davidson dropped their price objective on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. 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. Mizuho reissued an "outperform" rating and issued a $280.00 price objective on shares of Lowe's Companies in a research report on Friday, June 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. One 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $271.12.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president owned 31,898 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

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.