WoodTrust Financial Corp Decreases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

WoodTrust Financial Corp lessened its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,202 shares of the home improvement retailer’s stock after selling 171 shares during the quarter. WoodTrust Financial Corp’s holdings in Lowe’s Companies were worth $1,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies in the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC lifted its position in Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Lowe’s Companies during the fourth quarter worth approximately $35,000. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the third quarter worth approximately $40,000. Finally, True Wealth Design LLC purchased a new position in Lowe’s Companies during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. UBS Group lifted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Wednesday, February 14th. Finally, Citigroup lifted their target price on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $252.33.

Get Our Latest Report on Lowe’s Companies

Lowe’s Companies Trading Down 1.4 %

LOW traded down $3.45 on Wednesday, hitting $241.00. 1,416,055 shares of the company were exchanged, compared to its average volume of 2,584,447. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The company has a market cap of $137.90 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. The firm has a 50-day moving average price of $234.79 and a two-hundred day moving average price of $216.53.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the previous year, the firm posted $2.28 EPS. Lowe’s Companies’s revenue for the quarter was down 17.1% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.83%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Lowe’s Companies Profile

(Free Report)

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.

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

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