Lowe’s Companies, Inc. (NYSE:LOW) is NuWave Investment Management LLC’s 4th Largest Position

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NuWave Investment Management LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 215,771.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,111 shares of the home improvement retailer’s stock after buying an additional 15,104 shares during the period. Lowe’s Companies accounts for about 1.6% of NuWave Investment Management LLC’s portfolio, making the stock its 4th largest holding. NuWave Investment Management LLC’s holdings in Lowe’s Companies were worth $1,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LOW. Thor Advisors LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at about $35,000. Belpointe Asset Management LLC lifted its stake in Lowe’s Companies by 7.1% during the first quarter. Belpointe Asset Management LLC now owns 6,901 shares of the home improvement retailer’s stock valued at $755,000 after purchasing an additional 460 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $52,000. Marshall Wace LLP acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $2,458,000. Finally, Princeton Global Asset Management LLC lifted its stake in Lowe’s Companies by 114.2% during the first quarter. Princeton Global Asset Management LLC now owns 4,874 shares of the home improvement retailer’s stock valued at $533,000 after purchasing an additional 2,599 shares during the last quarter. Institutional investors own 76.31% of the company’s stock.

Lowe’s Companies stock traded up $1.56 during trading hours on Tuesday, hitting $112.24. The company had a trading volume of 2,265,087 shares, compared to its average volume of 3,863,647. The firm has a market capitalization of $85.52 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. The firm’s fifty day moving average is $110.76 and its 200-day moving average is $105.86. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The firm had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a $0.55 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.96%. Lowe’s Companies’s dividend payout ratio is presently 42.80%.

LOW has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Monday, September 30th. Wedbush upgraded shares of Lowe’s Companies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $115.00 to $135.00 in a report on Monday, September 16th. UBS Group boosted their price target on shares of Lowe’s Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Credit Suisse Group restated a “neutral” rating and set a $114.00 price target (up previously from $99.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Finally, Loop Capital boosted their price target on shares of Lowe’s Companies to $105.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $120.96.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the transaction, the executive vice president now owns 17,440 shares in the company, valued at approximately $1,964,092.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the transaction, the chief accounting officer now owns 28,017 shares in the company, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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