Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,320 shares of the home improvement retailer’s stock after selling 138 shares during the period. Gratus Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Invst LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter worth $255,000. Virtu Financial LLC lifted its position in Lowe’s Companies by 66.1% in the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer’s stock valued at $1,483,000 after buying an additional 2,178 shares during the last quarter. Tudor Financial Inc. purchased a new position in Lowe’s Companies during the third quarter worth about $1,877,000. Anchor Investment Management LLC raised its stake in shares of Lowe’s Companies by 2.6% in the 3rd quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer’s stock valued at $12,334,000 after acquiring an additional 1,161 shares during the period. Finally, World Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 7.6% in the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer’s stock valued at $6,423,000 after acquiring an additional 1,670 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $214.55 on Thursday. The company has a market cap of $120.09 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a fifty day moving average price of $234.10 and a 200 day moving average price of $253.49. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current 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 paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LOW shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Tuesday. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday. Royal Bank of Canada decreased their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Truist Financial dropped their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Company 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.