US Asset Management LLC Invests $287,000 in Lowe’s Companies, Inc. (NYSE:LOW)

US Asset Management LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,290 shares of the home improvement retailer’s stock, valued at approximately $287,000.

Other hedge funds also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new position in Lowe’s Companies during the 4th quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies during the 3rd quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Lowe’s Companies during the 4th quarter valued at approximately $33,000. VisionPoint Advisory Group LLC boosted its position in 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 valued at $32,000 after purchasing an additional 70 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies during the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW traded up $4.13 during trading hours on Thursday, hitting $236.20. 1,651,555 shares of the company’s stock traded hands, compared to its average volume of 2,436,139. The firm has a market cap of $135.15 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock’s fifty day moving average price is $239.86 and its two-hundred day moving average price is $221.76.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 33.43%.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. UBS Group boosted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Piper Sandler boosted their price target on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Citigroup reduced their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company boosted their price target on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $252.67.

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.