United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes $790,000 Position in Lowe's Companies, Inc. (NYSE:LOW)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,200 shares of the home improvement retailer's stock, valued at approximately $790,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOW. Klingenstein Fields & Co. LP grew its position in shares of Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares in the last quarter. Saxony Capital Management LLC grew its holdings in Lowe's Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after buying an additional 40 shares in the last quarter. Powers Advisory Group LLC increased its position in shares of Lowe's Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after buying an additional 40 shares during the period. Cordatus Wealth Management LLC lifted its holdings in shares of Lowe's Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after buying an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its position in shares of Lowe's Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after acquiring an additional 42 shares during the period. Institutional investors own 74.06% of the company's stock.

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Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. Wedbush reiterated a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. Royal Bank of Canada lowered their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $279.71.

Lowe's Companies Stock Down 1.7 %

Shares of NYSE LOW traded down $3.97 on Friday, reaching $228.20. 2,114,045 shares of the company's stock traded hands, compared to its average volume of 2,418,250. The business's 50 day simple moving average is $245.57 and its two-hundred day simple moving average is $257.31. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market cap of $127.73 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

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

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 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.