National Wealth Management Group LLC Takes $792,000 Position in Lowe’s Companies, Inc. $LOW

National Wealth Management Group LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,150 shares of the home improvement retailer’s stock, valued at approximately $792,000.

A number of other large investors have also added to or reduced their stakes in LOW. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth approximately $27,000. Solstein Capital LLC raised its stake in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the period. Finally, Olistico Wealth LLC bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $33,000. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of several research reports. Jefferies Financial Group increased their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Robert W. Baird cut their price objective on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. TD Cowen upped their price target on Lowe’s Companies from $250.00 to $295.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. increased their target price on Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $283.65.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $276.46 on Monday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $281.36. The stock has a fifty day moving average of $249.28 and a 200 day moving average of $246.36. The stock has a market cap of $155.08 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 4.59 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.89 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Lowe’s Companies’s payout ratio is presently 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.