United Community Bank Purchases 150 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

United Community Bank increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 26.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 728 shares of the home improvement retailer’s stock after buying an additional 150 shares during the period. United Community Bank’s holdings in Lowe’s Companies were worth $185,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new stake in Lowe’s Companies in the 4th quarter valued at $25,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at $26,000. Tidemark LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $28,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $31,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 0.7 %

Lowe’s Companies stock traded up $1.54 during midday trading on Wednesday, hitting $217.87. 332,879 shares of the stock were exchanged, compared to its average volume of 2,524,485. The company has a fifty day simple moving average of $223.06 and a two-hundred day simple moving average of $228.01. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The stock has a market capitalization of $124.15 billion, a PE ratio of 17.38, a P/E/G ratio of 1.66 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the firm earned $3.67 EPS. Lowe’s Companies’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 35.34%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LOW. DA Davidson dropped their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Gordon Haskett reiterated a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $246.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Finally, Truist Financial dropped their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $250.41.

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.