FCA Corp TX Sells 118 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

FCA Corp TX lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,641 shares of the home improvement retailer’s stock after selling 118 shares during the quarter. Lowe’s Companies makes up 1.4% of FCA Corp TX’s investment portfolio, making the stock its 19th largest position. FCA Corp TX’s holdings in Lowe’s Companies were worth $4,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in LOW. IFS Advisors LLC bought a new position in Lowe’s Companies in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $27,000. Winch Advisory Services LLC boosted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $31,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at about $44,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LOW shares. Evercore ISI raised their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Truist Financial decreased their price objective 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. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Piper Sandler decreased their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

LOW stock opened at $227.09 on Friday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The business has a fifty day moving average price of $247.99 and a 200-day moving average price of $257.79. The stock has a market capitalization of $128.23 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations 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, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed 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. This represents a $4.60 dividend on an annualized basis and a yield of 2.03%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 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.