Manhattan West Asset Management LLC Has $1.69 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Manhattan West Asset Management LLC cut its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 35.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,837 shares of the home improvement retailer's stock after selling 3,715 shares during the quarter. Manhattan West Asset Management LLC's holdings in Lowe's Companies were worth $1,688,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. IFS Advisors LLC purchased a new position in Lowe's Companies during the fourth quarter valued at $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe's Companies during the 4th quarter valued at approximately $31,000. Winch Advisory Services LLC increased its holdings in Lowe's Companies by 56.4% in 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 in the last quarter. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies during the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Lowe's Companies in the fourth quarter worth approximately $44,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LOW shares. Royal Bank of Canada dropped their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Mizuho cut their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Truist Financial dropped their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America lowered their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One investment 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $278.74.

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Lowe's Companies Stock Down 1.6 %

Shares of NYSE LOW traded down $3.68 during midday trading on Tuesday, hitting $220.46. The stock had a trading volume of 2,804,309 shares, compared to its average volume of 2,466,191. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The company has a fifty day moving average price of $235.57 and a 200 day moving average price of $253.99. The company has a market capitalization of $123.40 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.96 and a beta of 1.07.

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, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently disclosed 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 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 37.67%.

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.