Moment Partners LLC Purchases Shares of 2,819 Lowe’s Companies, Inc. (NYSE:LOW)

Moment Partners LLC purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,819 shares of the home improvement retailer’s stock, valued at approximately $696,000.

Other institutional investors have also recently made changes to their positions in the company. Sava Infond d.o.o. purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth $1,710,000. WINTON GROUP Ltd bought a new position in Lowe’s Companies in the 4th quarter worth $300,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lowe’s Companies by 9.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 924,385 shares of the home improvement retailer’s stock worth $229,691,000 after buying an additional 76,055 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Lowe’s Companies during the fourth quarter valued at about $790,000. Finally, Ausdal Financial Partners Inc. lifted its position in shares of Lowe’s Companies by 77.6% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,532 shares of the home improvement retailer’s stock valued at $625,000 after acquiring an additional 1,106 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LOW shares. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Piper Sandler cut their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank of Canada reduced their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Finally, Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Stock Performance

LOW opened at $231.91 on Thursday. The stock’s 50 day moving average price is $246.76 and its 200-day moving average price is $257.53. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a market cap of $130.95 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. As a group, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share 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 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is presently 37.67%.

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.