Bank of New Hampshire Purchases 300 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bank of New Hampshire increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,769 shares of the home improvement retailer’s stock after acquiring an additional 300 shares during the period. Bank of New Hampshire’s holdings in Lowe’s Companies were worth $3,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in Lowe’s Companies during the 4th quarter worth $25,000. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the 4th quarter worth $31,000. Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies during the 4th quarter worth about $33,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies during the 4th quarter worth about $36,000. Finally, IFS Advisors LLC lifted its holdings in Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 60 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $225.35 on Friday. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The firm has a market capitalization of $126.29 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.96 and a beta of 0.92. The business has a 50-day simple moving average of $223.72 and a 200 day simple moving average of $241.57.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. During the same period in the previous year, the company posted $3.06 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe’s Companies’s payout ratio is presently 39.77%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent research reports. DA Davidson cut their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their target price on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Bank of America cut their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Finally, KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $271.12.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president now directly owns 31,898 shares of the company’s stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.