Cozad Asset Management Inc. Sells 2,855 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cozad Asset Management Inc. lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 29.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,805 shares of the home improvement retailer’s stock after selling 2,855 shares during the quarter. Cozad Asset Management Inc.’s holdings in Lowe’s Companies were worth $1,514,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kingswood Wealth Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $574,000. Everett Harris & Co. CA raised its position in shares of Lowe’s Companies by 7.9% in the 3rd quarter. Everett Harris & Co. CA now owns 1,889 shares of the home improvement retailer’s stock valued at $393,000 after acquiring an additional 138 shares during the period. Dakota Wealth Management raised its holdings in Lowe’s Companies by 2.6% during the 3rd quarter. Dakota Wealth Management now owns 15,057 shares of the home improvement retailer’s stock worth $3,129,000 after buying an additional 376 shares during the period. Tectonic Advisors LLC raised its holdings in Lowe’s Companies by 8.0% during the 3rd quarter. Tectonic Advisors LLC now owns 3,693 shares of the home improvement retailer’s stock worth $768,000 after buying an additional 274 shares during the period. Finally, FinTrust Capital Advisors LLC raised its holdings in Lowe’s Companies by 7.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 4,441 shares of the home improvement retailer’s stock worth $923,000 after buying an additional 319 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $227.92 on Wednesday. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The company has a market cap of $130.41 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.71 and a beta of 1.13. The firm’s fifty day moving average price is $240.11 and its two-hundred day moving average price is $220.41.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 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 firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Wall Street Analyst Weigh In

Several brokerages have commented on LOW. Zelman & Associates restated a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Mizuho initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective on the stock. Piper Sandler boosted their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, StockNews.com lowered shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has a consensus 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.