Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,600 shares of the home improvement retailer’s stock after purchasing an additional 100 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Lowe’s Companies were worth $356,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC boosted its stake in shares of Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Lowe’s Companies during the 4th quarter worth about $47,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 1.1 %

NYSE:LOW traded up $2.55 during trading hours on Friday, hitting $232.13. The stock had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. 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 $240.07 and a two-hundred day simple moving average of $221.10. The company has a market cap of $132.82 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the company earned $2.28 earnings per share. Lowe’s Companies’s revenue for the quarter was down 17.1% on a year-over-year basis. Research analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOW. Morgan Stanley increased their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Piper Sandler increased their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Stifel Nicolaus cut their price objective on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Wedbush increased their price objective on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Mizuho initiated coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $252.52.

About Lowe’s Companies

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.