Fiera Capital Corp Has $225.26 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Fiera Capital Corp reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831,664 shares of the home improvement retailer’s stock after selling 33,998 shares during the quarter. Fiera Capital Corp’s holdings in Lowe’s Companies were worth $225,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOW. Capital Performance Advisors LLP bought a new position in Lowe’s Companies in the third quarter valued at about $61,000. Philip James Wealth Mangement LLC acquired a new position in shares of Lowe’s Companies in the third quarter valued at approximately $4,721,000. Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of Lowe’s Companies by 1.1% in the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 6,200 shares of the home improvement retailer’s stock valued at $1,679,000 after purchasing an additional 65 shares in the last quarter. Vista Capital Partners Inc. acquired a new position in shares of Lowe’s Companies during the third quarter worth about $204,000. Finally, Lewis Asset Management LLC boosted its position in shares of Lowe’s Companies by 11.4% during the third quarter. Lewis Asset Management LLC now owns 2,394 shares of the home improvement retailer’s stock worth $648,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.8 %

Shares of LOW stock traded up $4.85 on Friday, reaching $271.15. The company had a trading volume of 558,463 shares, compared to its average volume of 2,436,995. The business’s 50-day moving average is $263.77 and its 200 day moving average is $241.67. Lowe’s Companies, Inc. has a one year low of $189.05 and a one year high of $287.01. The stock has a market capitalization of $153.82 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating the consensus estimate of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.56 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.14%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LOW shares. Gordon Haskett reduced their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Truist Financial raised their target price on shares of Lowe’s Companies from $306.00 to $307.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America boosted their price target on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada lowered their price target on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $273.44.

Insider Transactions at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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.