Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 414.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,521 shares of the home improvement retailer's stock after acquiring an additional 339,591 shares during the period. APG Asset Management N.V. owned about 0.07% of Lowe's Companies worth $100,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. Legacy Investment Solutions LLC purchased a new stake in Lowe's Companies in the third quarter worth about $27,000. IFS Advisors LLC bought a new position in shares of Lowe's Companies during the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies in the 4th quarter worth approximately $31,000. Winch Advisory Services LLC raised its stake in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares during the period. Finally, Caisse Des Depots ET Consignations purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $33,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded down $1.09 on Friday, hitting $220.11. The company's stock had a trading volume of 2,903,271 shares, compared to its average volume of 2,462,266. The company has a market capitalization of $123.20 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The firm has a fifty day moving average price of $236.25 and a 200-day moving average price of $254.37.

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Lowe's Companies (NYSE:LOW - Get Free Report) 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. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. As a group, analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Truist Financial decreased their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a report on Tuesday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research note on Wednesday, February 26th. Mizuho reduced their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, StockNews.com cut shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $278.74.

Lowe's Companies 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.