Thurston Springer Miller Herd & Titak Inc. increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 64.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,050 shares of the home improvement retailer's stock after buying an additional 3,939 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Lowe's Companies were worth $2,480,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of LOW. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe's Companies during the third quarter worth $27,000. JNBA Financial Advisors raised its stake in shares of Lowe's Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC lifted its holdings in Lowe's Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC bought a new position in Lowe's Companies in the 2nd quarter worth about $37,000. Finally, Kieckhefer Group LLC purchased a new position in Lowe's Companies during the 4th quarter valued at about $46,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
Lowe's Companies Trading Up 2.2 %
Shares of LOW stock traded up $5.54 during mid-day trading on Wednesday, reaching $256.73. The stock had a trading volume of 2,878,944 shares, compared to its average volume of 2,392,622. The stock's 50-day moving average price is $260.54 and its two-hundred day moving average price is $253.93. The firm has a market capitalization of $144.96 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Lowe's Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01.
Lowe's Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe's Companies's payout ratio is 38.37%.
Insiders Place Their Bets
In related news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.
Analyst Ratings Changes
LOW has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Guggenheim reiterated a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Bank of America boosted their target price on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Sanford C. Bernstein lifted their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, TD Cowen upped their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $280.85.
Check Out Our Latest Stock Analysis on LOW
Lowe's Companies Company 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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