Greystone Financial Group LLC Grows Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Greystone Financial Group LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 23.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,089 shares of the home improvement retailer’s stock after acquiring an additional 8,130 shares during the quarter. Lowe’s Companies makes up 1.9% of Greystone Financial Group LLC’s investment portfolio, making the stock its 20th largest position. Greystone Financial Group LLC’s holdings in Lowe’s Companies were worth $9,499,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LOW. Paragon Private Wealth Management LLC raised its stake in shares of Lowe’s Companies by 13.5% during the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock valued at $1,086,000 after purchasing an additional 581 shares during the period. ING Groep NV lifted its holdings in shares of Lowe’s Companies by 18,786.5% in the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after buying an additional 106,144 shares in the last quarter. Brevan Howard Capital Management LP boosted its position in shares of Lowe’s Companies by 824.6% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after acquiring an additional 13,680 shares during the period. Bamco Inc. NY grew its stake in Lowe’s Companies by 10.3% during the first quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer’s stock valued at $55,266,000 after acquiring an additional 20,181 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Lowe’s Companies by 1.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock valued at $10,031,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.1 %

Shares of Lowe’s Companies stock traded down $0.30 on Friday, reaching $243.81. The company’s stock had a trading volume of 1,889,727 shares, compared to its average volume of 2,513,320. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm’s fifty day simple moving average is $236.53 and its two-hundred day simple moving average is $234.09. The company has a market capitalization of $138.93 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.04 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. Lowe’s Companies’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.56 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.94 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a yield of 1.89%. Lowe’s Companies’s payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, August 20th. Bank of America reduced their target price on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. UBS Group raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Truist Financial boosted their price target on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Piper Sandler reduced their price objective on Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $252.83.

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.