Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,430 shares of the home improvement retailer’s stock after selling 905 shares during the quarter. Lowe’s Companies makes up 3.3% of Cambridge Financial Group Inc.’s portfolio, making the stock its 17th biggest position. Cambridge Financial Group Inc.’s holdings in Lowe’s Companies were worth $6,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC grew its position in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a research note on Wednesday, February 14th. Wedbush increased their price objective on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Piper Sandler lifted their target price on Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group increased their price target on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Performance

NYSE LOW traded up $2.55 on Friday, reaching $232.13. The company’s stock had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. The firm’s 50 day moving average is $240.07 and its two-hundred day moving average is $221.10. The stock has a market cap of $132.82 billion, a PE ratio of 17.64, a PEG ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 earnings per share. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

Lowe’s Companies Company Profile

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.