SeaBridge Investment Advisors LLC Sells 1,397 Shares of Lowe's Companies, Inc. (NYSE:LOW)

SeaBridge Investment Advisors LLC cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,423 shares of the home improvement retailer's stock after selling 1,397 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Lowe's Companies were worth $2,897,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gen Wealth Partners Inc boosted its holdings in shares of Lowe's Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after purchasing an additional 40 shares during the period. Peachtree Investment Partners LLC grew its holdings in shares of Lowe's Companies by 3.4% during the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer's stock valued at $317,000 after acquiring an additional 42 shares in the last quarter. Second Line Capital LLC increased its stake in shares of Lowe's Companies by 0.9% in the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after acquiring an additional 44 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Lowe's Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after acquiring an additional 47 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC boosted its position in Lowe's Companies by 1.1% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock valued at $1,066,000 after purchasing an additional 49 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the company'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 $7,256,795. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Stock Up 1.0%

Shares of Lowe's Companies stock traded up $2.10 during trading on Thursday, reaching $218.70. 1,660,024 shares of the company were exchanged, compared to its average volume of 2,500,701. The business has a 50-day moving average price of $223.79 and a 200-day moving average price of $233.60. The firm has a market capitalization of $122.57 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.03 and a beta of 0.90. 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 posted its earnings results 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 company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.06 EPS. On average, equities 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. Shareholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.19%. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler dropped their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Morgan Stanley dropped their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Robert W. Baird decreased their target price on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Finally, DA Davidson dropped their price target on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies 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.