Capital Management Corp VA Has $7.60 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Capital Management Corp VA lowered its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 28.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,071 shares of the home improvement retailer's stock after selling 11,030 shares during the period. Capital Management Corp VA's holdings in Lowe's Companies were worth $7,603,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Crew Capital Management Ltd. lifted its holdings in Lowe's Companies by 1.0% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock valued at $1,049,000 after purchasing an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC raised its stake in Lowe's Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock valued at $372,000 after buying an additional 37 shares during the last quarter. Clean Yield Group raised its stake in Lowe's Companies by 2.4% in the 3rd quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock worth $433,000 after acquiring an additional 38 shares during the last quarter. Drive Wealth Management LLC increased its holdings in Lowe's Companies by 2.2% in the second quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer's stock valued at $418,000 after buying an additional 41 shares during the last quarter. Finally, Chapin Davis Inc. increased its stake in shares of Lowe's Companies by 1.3% during the 3rd quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer's stock worth $835,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded up $4.20 during trading on Tuesday, hitting $269.18. 1,562,435 shares of the stock traded hands, compared to its average volume of 2,438,584. The stock has a market cap of $152.70 billion, a P/E ratio of 22.32, a PEG ratio of 2.15 and a beta of 1.10. Lowe's Companies, Inc. has a twelve month low of $189.05 and a twelve month high of $287.01. The company has a fifty day moving average price of $263.51 and a two-hundred day moving average price of $241.53.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. During the same period in the previous year, the company earned $4.56 EPS. The firm's revenue was down 5.5% on a year-over-year basis. On average, equities research analysts expect that Lowe's Companies, Inc. will post 11.91 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently announced 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. This is a positive change from Lowe's Companies's previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, October 23rd. Lowe's Companies's payout ratio is 38.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Melius Research began coverage on Lowe's Companies in a research report on Monday, September 23rd. They set a "buy" rating and a $290.00 target price on the stock. Oppenheimer raised Lowe's Companies from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Bank of America increased their price target on Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Gordon Haskett cut their price target on Lowe's Companies from $245.00 to $240.00 and set a "hold" rating for the company in a research note on Wednesday, August 21st. Finally, Telsey Advisory Group boosted their price target on shares of Lowe's Companies from $230.00 to $275.00 and gave the company a "market perform" rating in a research report on Wednesday, October 2nd. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $271.60.

Insider Buying and Selling

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

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.