Relyea Zuckerberg Hanson LLC Buys 771 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Relyea Zuckerberg Hanson LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 45.6% in the fourth quarter, Holdings Channel reports. The fund owned 2,460 shares of the home improvement retailer’s stock after acquiring an additional 771 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Lowe’s Companies were worth $607,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Avanza Fonder AB bought a new position in Lowe’s Companies in the fourth quarter valued at about $14,113,000. First Pacific Financial raised its holdings in Lowe’s Companies by 952.4% in the 4th quarter. First Pacific Financial now owns 1,105 shares of the home improvement retailer’s stock valued at $273,000 after buying an additional 1,000 shares during the last quarter. Empirical Asset Management LLC raised its holdings in Lowe’s Companies by 4,444.5% in the 4th quarter. Empirical Asset Management LLC now owns 104,614 shares of the home improvement retailer’s stock valued at $25,819,000 after buying an additional 102,312 shares during the last quarter. Sanders Morris Harris LLC boosted its position in Lowe’s Companies by 31.9% during the 4th quarter. Sanders Morris Harris LLC now owns 8,267 shares of the home improvement retailer’s stock worth $2,044,000 after buying an additional 2,000 shares during the period. Finally, IFS Advisors LLC bought a new stake in Lowe’s Companies during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Trading Up 0.4 %

LOW stock traded up $0.91 during trading on Friday, reaching $259.69. 541,346 shares of the stock were exchanged, compared to its average volume of 2,173,192. The firm’s 50 day moving average is $260.44 and its 200 day moving average is $253.95. The firm has a market cap of $146.64 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LOW shares. Piper Sandler raised their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Mizuho lifted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Evercore ISI upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

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.