London Co. of Virginia Lowers Position in Lowe's Companies, Inc. (NYSE:LOW)

London Co. of Virginia lessened its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,461,838 shares of the home improvement retailer's stock after selling 76,753 shares during the quarter. Lowe's Companies makes up about 2.0% of London Co. of Virginia's investment portfolio, making the stock its 10th largest position. London Co. of Virginia owned 0.26% of Lowe's Companies worth $360,781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LRI Investments LLC raised its holdings in shares of Lowe's Companies by 4.6% in the 4th quarter. LRI Investments LLC now owns 2,416 shares of the home improvement retailer's stock worth $596,000 after buying an additional 107 shares in the last quarter. Investor s Fiduciary Advisor Network LLC bought a new position in Lowe's Companies in the 4th quarter valued at $865,000. Janus Henderson Group PLC raised its stake in shares of Lowe's Companies by 0.4% during the fourth quarter. Janus Henderson Group PLC now owns 82,024 shares of the home improvement retailer's stock worth $20,261,000 after buying an additional 300 shares during the last quarter. KKM Financial LLC bought a new position in Lowe's Companies during the fourth quarter worth about $393,000. Finally, Guardian Wealth Advisors LLC NC increased its position in shares of Lowe's Companies by 2.9% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,160 shares of the home improvement retailer's stock valued at $1,274,000 after buying an additional 144 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective on the stock in a research note on Friday, April 25th. Truist Financial cut their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on 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. Finally, DA Davidson reissued a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $277.00.

Lowe's Companies Trading Up 1.7%

LOW traded up $3.82 during trading on Thursday, reaching $232.33. 2,489,146 shares of the company's stock were exchanged, compared to its average volume of 2,505,314. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The firm has a fifty day moving average price of $224.50 and a two-hundred day moving average price of $246.38. The stock has a market capitalization of $130.04 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

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

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.98%. Lowe's Companies's dividend payout ratio (DPR) is presently 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.