Bush Investment Group LLC Has $901,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Bush Investment Group LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,652 shares of the home improvement retailer’s stock after selling 383 shares during the period. Lowe’s Companies accounts for 0.7% of Bush Investment Group LLC’s holdings, making the stock its 22nd largest position. Bush Investment Group LLC’s holdings in Lowe’s Companies were worth $901,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LOW. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC increased its holdings in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $31,000. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $33,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $223.05 on Monday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock has a 50 day moving average price of $242.39 and a two-hundred day moving average price of $256.46. The stock has a market capitalization of $124.84 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

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

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. Lowe’s Companies’s payout ratio is presently 37.67%.

Analyst Ratings Changes

A number of brokerages have weighed in on LOW. Evercore ISI raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Truist Financial reduced their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Piper Sandler dropped their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report 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 assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $280.35.

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.