WoodTrust Financial Corp Purchases 373 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

WoodTrust Financial Corp increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,575 shares of the home improvement retailer’s stock after acquiring an additional 373 shares during the quarter. WoodTrust Financial Corp’s holdings in Lowe’s Companies were worth $1,675,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LOW. Wetzel Investment Advisors Inc. bought a new position in Lowe’s Companies in the 4th quarter worth $25,000. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter worth about $26,000. Tidemark LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth about $27,000. Voisard Asset Management Group Inc. bought a new position in shares of Lowe’s Companies during the 4th quarter worth about $28,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth about $31,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock traded up $0.66 during trading hours on Friday, reaching $220.46. 12,630,451 shares of the company were exchanged, compared to its average volume of 2,428,194. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock’s fifty day moving average is $225.32 and its two-hundred day moving average is $228.26. The company has a market cap of $125.63 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.68 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the prior year, the business earned $3.67 earnings per share. Lowe’s Companies’s quarterly revenue was down 4.4% on a year-over-year basis. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Lowe’s Companies’s payout ratio is 35.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LOW shares. Royal Bank of Canada restated a “sector perform” rating and set a $246.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 22nd. DA Davidson dropped their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Mizuho started coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective on the stock. Zelman & Associates restated a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Finally, Oppenheimer reissued a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Monday, March 4th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $251.33.

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.