Bank of New Hampshire Sells 249 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bank of New Hampshire cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,404 shares of the home improvement retailer’s stock after selling 249 shares during the quarter. Lowe’s Companies comprises about 1.0% of Bank of New Hampshire’s holdings, making the stock its 27th largest position. Bank of New Hampshire’s holdings in Lowe’s Companies were worth $3,924,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Paragon Private Wealth Management LLC grew its position in shares of Lowe’s Companies by 13.5% during the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after buying an additional 581 shares during the period. ING Groep NV grew its holdings in Lowe’s Companies by 18,786.5% in the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after purchasing an additional 106,144 shares during the period. Clifford Swan Investment Counsel LLC increased its stake in Lowe’s Companies by 0.3% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after purchasing an additional 541 shares in the last quarter. Brevan Howard Capital Management LP raised its holdings in shares of Lowe’s Companies by 824.6% during the fourth quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after purchasing an additional 13,680 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Lowe’s Companies by 1.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock valued at $10,031,000 after purchasing an additional 540 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.6 %

Shares of LOW stock traded up $1.27 during trading on Friday, reaching $228.80. 1,083,085 shares of the company’s stock traded hands, compared to its average volume of 2,428,417. The firm’s 50-day moving average is $226.22 and its 200 day moving average is $227.64. The company has a market capitalization of $130.38 billion, a P/E ratio of 18.28, a PEG ratio of 1.74 and a beta of 1.08. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.67 earnings per share. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Lowe’s Companies’s payout ratio is currently 35.34%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LOW. UBS Group boosted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Mizuho started coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Telsey Advisory Group restated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, May 21st. Finally, Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $251.33.

Read Our Latest Stock Report on LOW

About Lowe’s Companies

(Free Report)

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, d├ęcor, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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