Capital Management Corp VA Boosts Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Capital Management Corp VA raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,350 shares of the home improvement retailer's stock after purchasing an additional 9,881 shares during the period. Lowe's Companies makes up approximately 2.1% of Capital Management Corp VA's holdings, making the stock its 19th largest holding. Capital Management Corp VA's holdings in Lowe's Companies were worth $10,538,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC increased its holdings in shares of Lowe's Companies by 33.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer's stock worth $695,000 after buying an additional 843 shares during the period. Harbour Trust & Investment Management Co purchased a new position in shares of Lowe's Companies in the fourth quarter worth about $5,890,000. Meridian Wealth Management LLC increased its holdings in shares of Lowe's Companies by 100.4% in the third quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer's stock worth $6,492,000 after buying an additional 15,612 shares during the period. Biondo Investment Advisors LLC increased its holdings in shares of Lowe's Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer's stock worth $12,669,000 after buying an additional 620 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in shares of Lowe's Companies by 18.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer's stock worth $829,000 after buying an additional 584 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LOW shares. Evercore ISI reduced their price target on Lowe's Companies from $280.00 to $275.00 and set an "in-line" rating on the stock in a report on Tuesday. Barclays boosted their price target on Lowe's Companies from $203.00 to $229.00 and gave the company an "equal weight" rating in a report on Thursday, January 4th. JPMorgan Chase & Co. boosted their price target on Lowe's Companies from $265.00 to $268.00 and gave the company an "overweight" rating in a report on Wednesday, February 28th. Truist Financial boosted their price target on Lowe's Companies from $258.00 to $271.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Finally, Gordon Haskett restated a "hold" rating and set a $245.00 price target on shares of Lowe's Companies in a report on Wednesday, April 3rd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $252.52.

Lowe's Companies Price Performance

NYSE LOW traded up $1.45 during mid-day trading on Friday, reaching $230.24. The stock had a trading volume of 2,112,314 shares, compared to its average volume of 2,254,721. Lowe's Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The stock has a market cap of $131.74 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a fifty day moving average price of $239.62 and a 200 day moving average price of $218.76.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.09. Lowe's Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the business earned $2.28 EPS. The firm's revenue for the quarter was down 17.1% on a year-over-year basis. As a group, equities research analysts expect that Lowe's Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe's Companies's dividend payout ratio is presently 33.43%.

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.