Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 29.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,718 shares of the home improvement retailer's stock after buying an additional 7,845 shares during the period. UniSuper Management Pty Ltd's holdings in Lowe's Companies were worth $8,568,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. IFS Advisors LLC purchased a new position in Lowe's Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe's Companies during the third quarter worth $27,000. Winch Advisory Services LLC grew its holdings 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 worth $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new position in Lowe's Companies in the 4th quarter worth about $31,000. Finally, Millstone Evans Group LLC bought a new stake in Lowe's Companies during the 4th quarter valued at about $44,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 0.2 %

Shares of NYSE:LOW traded up $0.57 during trading on Tuesday, hitting $233.80. 468,848 shares of the stock traded hands, compared to its average volume of 2,414,942. The company has a fifty day moving average price of $245.01 and a two-hundred day moving average price of $257.24. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market cap of $130.86 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.96 and a beta of 1.12.

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Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.97%. Lowe's Companies's dividend payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

LOW has been the topic of several research analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research note on Wednesday, February 26th. Piper Sandler lowered their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Mizuho cut their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Truist Financial decreased their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and an average price target of $279.71.

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.