First Financial Corp IN Sells 143 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

First Financial Corp IN lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,382 shares of the home improvement retailer’s stock after selling 143 shares during the period. First Financial Corp IN’s holdings in Lowe’s Companies were worth $352,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Lowe’s Companies during the 4th quarter worth approximately $1,638,746,000. International Assets Investment Management LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $430,090,000. Schroder Investment Management Group increased its stake in shares of Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares during the period. Canoe Financial LP bought a new stake in Lowe’s Companies during the 4th quarter valued at $206,912,000. Finally, Aristotle Capital Management LLC grew its holdings in Lowe’s Companies by 143.8% in the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after acquiring an additional 803,216 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded up $0.91 during trading on Wednesday, hitting $218.16. 1,039,191 shares of the company’s stock traded hands, compared to its average volume of 2,458,481. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The business has a 50-day simple moving average of $225.89 and a 200-day simple moving average of $228.28. The stock has a market capitalization of $124.32 billion, a P/E ratio of 17.44, a PEG ratio of 1.66 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the firm posted $3.67 EPS. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. UBS Group raised their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Truist Financial decreased their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, May 21st. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Finally, Mizuho started coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 target price on the stock. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $251.33.

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.