Weaver Capital Management LLC Purchases 106 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Weaver Capital Management LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,903 shares of the home improvement retailer’s stock after acquiring an additional 106 shares during the period. Weaver Capital Management LLC’s holdings in Lowe’s Companies were worth $677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. Wood Tarver Financial Group LLC bought a new position in Lowe’s Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the fourth quarter worth $31,000. Caisse Des Depots ET Consignations bought a new position in Lowe’s Companies during the fourth quarter worth $33,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the fourth quarter worth $36,000. Finally, IFS Advisors LLC boosted its position in Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 60 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 0.7%

LOW stock opened at $212.40 on Friday. The company has a market cap of $119.04 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. The business has a 50-day simple moving average of $223.03 and a 200 day simple moving average of $238.02. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. Lowe’s Companies’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 earnings per share. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.26%. Lowe’s Companies’s payout ratio is presently 39.77%.

Analysts Set New Price Targets

A number of equities analysts have commented on LOW shares. Citigroup reaffirmed a “neutral” rating and set a $253.00 price objective (down from $269.00) on shares of Lowe’s Companies in a research report on Wednesday, May 14th. Truist Financial set a $264.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, May 22nd. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Royal Bank Of Canada reduced their target price on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a research report on Thursday, May 22nd. Finally, Bank of America reduced their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $271.12.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the transaction, the executive vice president now owns 31,898 shares of the company’s stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Lowe’s Companies 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.