Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Increased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,718 shares of the home improvement retailer’s stock after buying an additional 7,845 shares during the period. UniSuper Management Pty Ltd’s holdings in Lowe’s Companies were worth $8,568,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter valued at about $27,000. Winch Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $31,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $232.35 on Friday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm has a market capitalization of $130.05 billion, a PE ratio of 19.38, a PEG ratio of 1.96 and a beta of 1.12. The business’s 50-day simple moving average is $246.24 and its 200-day simple moving average is $257.35.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s payout ratio is 37.67%.

Wall Street Analyst Weigh In

LOW has been the topic of several research analyst reports. Bank of America lowered their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Mizuho lowered their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Piper Sandler reduced their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Stifel Nicolaus raised their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

About Lowe’s Companies

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.