Mufg Securities Americas Inc. Invests $2.07 Million in Lowe's Companies, Inc. (NYSE:LOW)

Mufg Securities Americas Inc. purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,374 shares of the home improvement retailer's stock, valued at approximately $2,067,000.

Several other institutional investors also recently modified their holdings of LOW. Norges Bank acquired a new position in shares of Lowe's Companies during the fourth quarter worth $1,842,954,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Lowe's Companies by 350.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock worth $585,770,000 after buying an additional 1,846,315 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Lowe's Companies during the fourth quarter worth $314,435,000. Strategic Financial Concepts LLC increased its holdings in shares of Lowe's Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after buying an additional 1,223,116 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Lowe's Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after buying an additional 993,833 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Piper Sandler lowered their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. JPMorgan Chase & Co. lowered their target price on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Mizuho lowered their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a research report on Friday, April 25th. One 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $277.00.

Lowe's Companies Price Performance

Shares of LOW traded up $1.75 during trading hours on Friday, hitting $234.20. The stock had a trading volume of 1,818,109 shares, compared to its average volume of 2,506,804. The firm has a market capitalization of $131.09 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a 50 day simple moving average of $224.34 and a 200-day simple moving average of $245.93.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid 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 yield of 1.96%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

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.