Wayfinding Financial LLC Makes New $411,000 Investment in Lowe's Companies, Inc. (NYSE:LOW)

Wayfinding Financial LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,667 shares of the home improvement retailer's stock, valued at approximately $411,000.

A number of other large investors have also bought and sold shares of LOW. FMR LLC boosted its holdings in shares of Lowe's Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the period. State Street Corp boosted its stake in Lowe's Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the period. Geode Capital Management LLC increased its holdings in Lowe's Companies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after purchasing an additional 187,473 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lowe's Companies by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after purchasing an additional 385,994 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Lowe's Companies by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock valued at $853,697,000 after purchasing an additional 90,012 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

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Lowe's Companies Stock Down 1.0 %

Shares of NYSE:LOW traded down $2.28 during trading on Tuesday, hitting $230.61. 2,476,794 shares of the company were exchanged, compared to its average volume of 2,280,569. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a market capitalization of $130.21 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The business's 50 day moving average is $247.26 and its 200-day moving average is $257.71.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 1.99%. Lowe's Companies's dividend payout ratio is presently 37.67%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Piper Sandler dropped their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday. Truist Financial dropped their target price on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus raised their target price on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. StockNews.com cut shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price 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.