Aptus Capital Advisors LLC Acquires 13,092 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Aptus Capital Advisors LLC boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,305 shares of the home improvement retailer's stock after acquiring an additional 13,092 shares during the quarter. Aptus Capital Advisors LLC's holdings in Lowe's Companies were worth $26,236,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. IFS Advisors LLC acquired a new stake in Lowe's Companies in the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its position in shares of Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations bought a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe's Companies during the fourth quarter valued at approximately $44,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.8 %

Shares of NYSE:LOW traded down $1.89 during trading on Monday, reaching $225.30. 1,877,700 shares of the company traded hands, compared to its average volume of 2,484,342. The firm has a fifty day simple moving average of $226.99 and a 200 day simple moving average of $248.24. 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 cap of $126.10 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.04%. Lowe's Companies's dividend payout ratio is currently 37.67%.

Analyst Ratings Changes

A number of research firms have weighed in on LOW. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday, April 15th. Mizuho decreased their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada lowered their target price on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Bank of America cut their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Truist Financial lowered their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $278.21.

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.