Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,243 shares of the home improvement retailer’s stock after purchasing an additional 573 shares during the period. OneAscent Financial Services LLC’s holdings in Lowe’s Companies were worth $1,047,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. United Bank increased its stake in Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock valued at $2,735,000 after buying an additional 137 shares during the period. Ascent Group LLC boosted its holdings in shares of Lowe’s Companies by 3.5% in the third quarter. Ascent Group LLC now owns 4,169 shares of the home improvement retailer’s stock valued at $1,129,000 after acquiring an additional 141 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Lowe’s Companies by 46.6% during the third quarter. Hilltop Holdings Inc. now owns 6,021 shares of the home improvement retailer’s stock worth $1,631,000 after acquiring an additional 1,915 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Lowe’s Companies during the third quarter worth about $205,000. Finally, IHT Wealth Management LLC lifted its position in Lowe’s Companies by 15.6% in the third quarter. IHT Wealth Management LLC now owns 12,233 shares of the home improvement retailer’s stock valued at $3,316,000 after purchasing an additional 1,652 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Truist Financial reduced their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, Piper Sandler reduced their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.35.

Lowe’s Companies Trading Up 0.5 %

Shares of LOW stock opened at $235.25 on Thursday. The company has a market capitalization of $131.67 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.96 and a beta of 1.12. The firm has a 50-day moving average price of $243.94 and a 200 day moving average price of $256.94. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

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.