Tiemann Investment Advisors LLC Maintains Position in Lowe’s Companies, Inc. (NYSE:LOW)

Tiemann Investment Advisors LLC continued to hold its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the home improvement retailer’s stock at the end of the first quarter. Tiemann Investment Advisors LLC’s holdings in Lowe’s Companies were worth $822,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Winfield Associates Inc. raised its position in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after buying an additional 15 shares during the last quarter. First Personal Financial Services raised its position in Lowe’s Companies by 0.3% in the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock valued at $663,000 after buying an additional 21 shares in the last quarter. Hanson McClain Inc. raised its position in Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares in the last quarter. Financial Architects Inc raised its position in Lowe’s Companies by 1.1% in the first quarter. Financial Architects Inc now owns 4,313 shares of the home improvement retailer’s stock valued at $355,000 after buying an additional 46 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in Lowe’s Companies by 0.9% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,550 shares of the home improvement retailer’s stock valued at $703,000 after buying an additional 75 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 77.26 on Friday. The company’s 50-day moving average is $76.69 and its 200 day moving average is $79.41. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The stock has a market cap of $65.22 billion, a PE ratio of 24.23 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $16.86 billion for the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. Analysts forecast that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were given a dividend of $0.41 per share. The ex-dividend date was Monday, July 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is presently 51.57%.

TRADEMARK VIOLATION NOTICE: “Tiemann Investment Advisors LLC Maintains Position in Lowe’s Companies, Inc. (NYSE:LOW)” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://transcriptdaily.com/2017/08/13/tiemann-investment-advisors-llc-has-822000-stake-in-lowes-companies-inc-nyselow-updated.html.

A number of equities research analysts have recently weighed in on LOW shares. Vetr lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price objective on the stock. in a report on Monday, May 8th. BMO Capital Markets reissued a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, May 5th. Credit Suisse Group set a $94.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC boosted their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. Lowe’s Companies has an average rating of “Hold” and a consensus target price of $85.23.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the transaction, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply