Moment Partners LLC Acquires New Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Moment Partners LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,819 shares of the home improvement retailer's stock, valued at approximately $696,000.

Several other large investors also recently made changes to their positions in LOW. United Bank increased its holdings in Lowe's Companies by 1.4% during the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock worth $2,735,000 after acquiring an additional 137 shares during the period. Soros Capital Management LLC boosted its position in shares of Lowe's Companies by 39.3% in the 3rd quarter. Soros Capital Management LLC now owns 2,508 shares of the home improvement retailer's stock worth $679,000 after purchasing an additional 708 shares in the last quarter. Blueshift Asset Management LLC boosted its stake in Lowe's Companies by 13.2% during the 3rd quarter. Blueshift Asset Management LLC now owns 2,770 shares of the home improvement retailer's stock valued at $750,000 after purchasing an additional 324 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Lowe's Companies by 101.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 150,000 shares of the home improvement retailer's stock worth $40,628,000 after purchasing an additional 75,500 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in shares of Lowe's Companies by 18.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 12,344 shares of the home improvement retailer's stock valued at $3,343,000 after purchasing an additional 1,924 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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Lowe's Companies Stock Performance

Lowe's Companies stock traded up $3.35 during midday trading on Monday, hitting $231.77. 831,953 shares of the company's stock were exchanged, compared to its average volume of 2,488,464. The stock has a market cap of $129.72 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm's 50 day simple moving average is $245.57 and its 200 day simple moving average is $257.38.

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

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 37.67%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LOW shares. Evercore ISI boosted their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their target price on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Wednesday, February 26th. Bank of America reduced their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, Piper Sandler dropped their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $279.71.

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.