BB&T Securities LLC Increases Stake in Lowe’s Companies, Inc. (LOW)

BB&T Securities LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 430,526 shares of the home improvement retailer’s stock after buying an additional 51,161 shares during the quarter. BB&T Securities LLC owned approximately 0.05% of Lowe’s Companies worth $33,380,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Northeast Investment Management increased its stake in shares of Lowe’s Companies by 3.9% in the second quarter. Northeast Investment Management now owns 196,101 shares of the home improvement retailer’s stock valued at $15,204,000 after buying an additional 7,304 shares in the last quarter. ARS Investment Partners LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at $5,558,000. KDI Capital Partners LLC increased its stake in shares of Lowe’s Companies by 8.8% in the second quarter. KDI Capital Partners LLC now owns 104,051 shares of the home improvement retailer’s stock valued at $8,067,000 after buying an additional 8,392 shares in the last quarter. Pegasus Partners Ltd. increased its stake in shares of Lowe’s Companies by 2.2% in the second quarter. Pegasus Partners Ltd. now owns 14,358 shares of the home improvement retailer’s stock valued at $1,113,000 after buying an additional 312 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Lowe’s Companies by 0.7% in the second quarter. KBC Group NV now owns 321,940 shares of the home improvement retailer’s stock valued at $24,960,000 after buying an additional 2,390 shares in the last quarter. Institutional investors own 74.22% of the company’s stock.

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Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 81.10 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The company has a 50-day moving average price of $77.76 and a 200-day moving average price of $79.38. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 23.03 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s payout ratio is 46.20%.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

LOW has been the subject of a number of research reports. Longbow Research restated a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Deutsche Bank AG restated a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $94.00 target price on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.32.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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