Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Armor Investment Advisors LLC

Armor Investment Advisors LLC lowered its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,820 shares of the home improvement retailer's stock after selling 5,092 shares during the period. Lowe's Companies makes up approximately 1.2% of Armor Investment Advisors LLC's investment portfolio, making the stock its 22nd largest holding. Armor Investment Advisors LLC's holdings in Lowe's Companies were worth $2,931,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LOW. Stephens Consulting LLC boosted its position in Lowe's Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock valued at $32,000 after buying an additional 70 shares during the last quarter. MFA Wealth Advisors LLC boosted its position in Lowe's Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in Lowe's Companies in the 2nd quarter worth approximately $37,000. Tsfg LLC boosted its position in Lowe's Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock worth $48,000 after purchasing an additional 100 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new stake in Lowe's Companies in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on LOW. Melius Research began coverage on Lowe's Companies in a research report on Monday, September 23rd. They issued a "buy" rating and a $290.00 price objective on the stock. Truist Financial upped their price objective on Lowe's Companies from $269.00 to $306.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. TD Cowen upped their price objective on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Royal Bank of Canada lowered their price objective on Lowe's Companies from $245.00 to $238.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. reduced their target price on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating for the company in a research note on Wednesday, August 21st. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $272.20.

Insider Buying and Selling at Lowe's Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Lowe's Companies Stock Down 2.8 %

Shares of LOW traded down $7.52 during midday trading on Wednesday, reaching $261.66. The company had a trading volume of 4,439,310 shares, compared to its average volume of 2,447,377. Lowe's Companies, Inc. has a 1-year low of $189.05 and a 1-year high of $287.01. The stock has a market cap of $148.44 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The firm has a 50 day simple moving average of $263.51 and a 200-day simple moving average of $241.53.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.14. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm had revenue of $23.59 billion for the quarter, compared to analysts' expectations of $23.93 billion. During the same period in the prior year, the firm posted $4.56 earnings per share. The firm's quarterly revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. Lowe's Companies's dividend payout ratio is currently 38.14%.

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.