5,530 Shares in Lowe's Companies, Inc. (NYSE:LOW) Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,530 shares of the home improvement retailer's stock, valued at approximately $1,365,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies during the third quarter valued at $27,000. IFS Advisors LLC acquired a new position in Lowe's Companies during the 4th quarter valued at about $25,000. JNBA Financial Advisors grew its position in Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the period. Finally, MFA Wealth Advisors LLC raised its holdings in shares of Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by insiders.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $4.78 on Friday, reaching $252.17. 2,163,623 shares of the company's stock traded hands, compared to its average volume of 2,067,285. The company has a market capitalization of $142.39 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The business's 50 day moving average price is $257.24 and its two-hundred day moving average price is $257.78.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, January 22nd. Lowe's Companies's dividend payout ratio is currently 38.37%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LOW shares. Truist Financial lowered their target price on Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company raised their price target on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Barclays upped their price objective on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Sanford C. Bernstein increased their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, DA Davidson upped their price target on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $280.85.

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.