Nuveen Asset Management LLC Sells 384,858 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Nuveen Asset Management LLC reduced its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,248,331 shares of the home improvement retailer's stock after selling 384,858 shares during the period. Nuveen Asset Management LLC owned approximately 0.58% of Lowe's Companies worth $801,688,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. IFS Advisors LLC bought a new position in Lowe's Companies in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its position in Lowe's Companies by 56.4% in 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 during the period. Marshall Investment Management LLC bought a new position in Lowe's Companies in the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations bought a new position in Lowe's Companies in the 4th quarter worth approximately $33,000. Finally, Measured Risk Portfolios Inc. bought a new position in Lowe's Companies in the 4th quarter worth approximately $42,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LOW shares. Truist Financial dropped their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective on the stock in a report on Friday, April 25th. Bank of America decreased their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Piper Sandler decreased their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $277.00.

Lowe's Companies Stock Performance

Lowe's Companies stock traded up $1.75 on Friday, reaching $234.20. The company's stock had a trading volume of 1,818,109 shares, compared to its average volume of 2,506,804. The company has a market cap of $131.09 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.96 and a beta of 1.00. The business's fifty day moving average price is $224.34 and its 200 day moving average price is $245.93. 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 quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.96%. Lowe's Companies's payout ratio is currently 37.67%.

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.