CVA Family Office LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 175.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,169 shares of the home improvement retailer’s stock after buying an additional 745 shares during the period. CVA Family Office LLC’s holdings in Lowe’s Companies were worth $222,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its stake in Lowe’s Companies by 208.0% during the 4th quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock worth $25,000 after buying an additional 104 shares during the period. RWM Asset Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth about $26,000. DB Wealth Management Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth about $31,000. Perennial Advisors LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth about $32,000. Finally, Chiron Capital Management LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $33,000. 76.11% of the stock is currently owned by hedge funds and other institutional investors.
Lowe’s Companies stock opened at $204.57 on Friday. The firm’s 50 day simple moving average is $178.86 and its 200-day simple moving average is $168.83. The company has a market cap of $146.73 billion, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57. Lowe’s Companies, Inc. has a fifty-two week low of $91.49 and a fifty-two week high of $205.07.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Stockholders of record on Wednesday, April 21st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, April 20th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 41.96%.
A number of brokerages recently weighed in on LOW. Zelman & Associates downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on shares of Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Gordon Haskett raised shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price objective for the company in a research report on Wednesday, March 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of Lowe’s Companies in a research note on Monday, March 15th. They set a “buy” rating and a $195.00 target price for the company. Finally, Citigroup initiated coverage on shares of Lowe’s Companies in a research note on Monday, March 15th. They set a “buy” rating and a $195.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus target price of $181.65.
In other news, Director David H. Batchelder bought 6,250 shares of the company’s stock in a transaction dated Friday, February 26th. The shares were acquired at an average cost of $159.48 per share, with a total value of $996,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.07% of the company’s stock.
About Lowe’s Companies
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 appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
Featured Article: Are we seeing the beginning of a new bubble?
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.