DDD Partners LLC Reduces Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

DDD Partners LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,503 shares of the home improvement retailer’s stock after selling 146 shares during the period. DDD Partners LLC’s holdings in Lowe’s Companies were worth $334,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC lifted its stake in Lowe’s Companies by 33.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock worth $695,000 after purchasing an additional 843 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Lowe’s Companies by 100.4% during the third quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock worth $6,492,000 after purchasing an additional 15,612 shares in the last quarter. Biondo Investment Advisors LLC raised its stake 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 valued at $12,669,000 after acquiring an additional 620 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Lowe’s Companies by 2.5% in the third quarter. Geneos Wealth Management Inc. now owns 6,950 shares of the home improvement retailer’s stock valued at $1,444,000 after acquiring an additional 168 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Lowe’s Companies in the third quarter valued at $40,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.8 %

LOW stock opened at $253.33 on Thursday. The firm has a 50 day moving average of $231.47 and a 200-day moving average of $215.72. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The company has a market cap of $144.95 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.86 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the company earned $2.28 EPS. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.74%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial increased their target price on Lowe’s Companies from $244.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. UBS Group increased their target price on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Barclays increased their target price 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. The Goldman Sachs Group raised their price objective on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus dropped their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Thirteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $251.60.

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.