United Asset Strategies Inc. Has $1.48 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

United Asset Strategies Inc. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,669 shares of the home improvement retailer’s stock after purchasing an additional 1,001 shares during the period. United Asset Strategies Inc.’s holdings in Lowe’s Companies were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Axiom Financial Strategies LLC lifted its stake in shares of Lowe’s Companies by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 123 shares during the period. United Bank lifted its stake in shares of Lowe’s Companies by 6.8% in the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock valued at $1,968,000 after purchasing an additional 617 shares during the period. Prudential PLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at about $1,629,000. Baird Financial Group Inc. lifted its stake in shares of Lowe’s Companies by 0.4% in the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after purchasing an additional 920 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Lowe’s Companies by 74.6% in the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 126 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE:LOW opened at $228.31 on Wednesday. The company has a market cap of $130.63 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.70 and a beta of 1.13. The stock’s fifty day moving average price is $239.15 and its two-hundred day moving average price is $218.31. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

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, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 earnings per share. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. The Goldman Sachs Group boosted their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Truist Financial boosted their target price on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $252.52.

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.