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SFG Wealth Management LLC. Takes $262,000 Position in Lowe's Companies, Inc. (NYSE:LOW)

Lowe's Companies logo with Retail/Wholesale background

SFG Wealth Management 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 & Exchange Commission. The firm acquired 1,060 shares of the home improvement retailer's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its position in Lowe's Companies by 1.7% during the second quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer's stock worth $3,931,000 after buying an additional 298 shares during the period. AE Wealth Management LLC increased its holdings in shares of Lowe's Companies by 52.7% in the 2nd quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer's stock valued at $4,027,000 after acquiring an additional 6,305 shares during the period. Pacer Advisors Inc. raised its position in Lowe's Companies by 1.2% in the 2nd quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer's stock valued at $9,059,000 after purchasing an additional 488 shares during the last quarter. Sei Investments Co. boosted its stake in Lowe's Companies by 2.0% during the 2nd quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer's stock worth $105,927,000 after purchasing an additional 9,228 shares during the period. Finally, Summit Trail Advisors LLC grew its position in Lowe's Companies by 38.5% during the 2nd quarter. Summit Trail Advisors LLC now owns 10,171 shares of the home improvement retailer's stock worth $2,242,000 after purchasing an additional 2,827 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Up 1.0 %

Shares of Lowe's Companies stock traded up $2.61 during mid-day trading on Monday, hitting $261.39. 2,758,504 shares of the stock were exchanged, compared to its average volume of 1,989,226. The company has a 50-day simple moving average of $260.10 and a 200 day simple moving average of $254.89. The stock has a market capitalization of $147.59 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. Lowe's Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.76%. Lowe's Companies's payout ratio is currently 38.37%.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOW. Wells Fargo & Company increased their target price on shares of Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Guggenheim reaffirmed a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Mizuho boosted their target price on Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Piper Sandler increased their price target on Lowe's Companies from $262.00 to $307.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Finally, Bank of America boosted their price objective on shares of Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $280.85.

View Our Latest Stock Analysis on LOW

Lowe's Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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