Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Reduced by Oxbow Advisors LLC

Oxbow Advisors LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,268 shares of the home improvement retailer’s stock after selling 1,127 shares during the period. Oxbow Advisors LLC’s holdings in Lowe’s Companies were worth $7,334,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. 9258 Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 24.8% during the 4th quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock valued at $531,000 after purchasing an additional 474 shares in the last quarter. Gryphon Financial Partners LLC increased its position in Lowe’s Companies by 10.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock worth $315,000 after buying an additional 138 shares during the last quarter. Principal Securities Inc. bought a new position in Lowe’s Companies during the fourth quarter valued at about $1,619,000. Berger Financial Group Inc lifted its position in shares of Lowe’s Companies by 6.3% in the fourth quarter. Berger Financial Group Inc now owns 1,080 shares of the home improvement retailer’s stock worth $240,000 after buying an additional 64 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Lowe’s Companies by 0.9% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 62,979 shares of the home improvement retailer’s stock worth $14,016,000 after acquiring an additional 555 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LOW shares. DA Davidson cut their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Gordon Haskett dropped their price target on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price objective on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Truist Financial lifted their target price on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $252.83.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded down $0.30 during trading on Friday, hitting $243.81. 1,889,727 shares of the company’s stock traded hands, compared to its average volume of 2,513,320. The company has a market cap of $138.93 billion, a PE ratio of 19.58, a PEG ratio of 2.04 and a beta of 1.07. The firm’s fifty day moving average price is $236.53 and its 200 day moving average price is $234.09. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period in the prior year, the company posted $4.56 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.94 earnings per share for the current year.

Lowe’s Companies Increases Dividend

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

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.