Valley Brook Capital Group Inc. Boosts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Valley Brook Capital Group Inc. boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,600 shares of the home improvement retailer’s stock after acquiring an additional 100 shares during the period. Valley Brook Capital Group Inc.’s holdings in Lowe’s Companies were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Trust & Investment Management Co purchased a new position in shares of Lowe’s Companies in the fourth quarter worth $5,890,000. Syon Capital LLC raised its holdings in shares of Lowe’s Companies by 23.3% in the fourth quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock worth $1,587,000 after buying an additional 1,345 shares during the last quarter. Biondo Investment Advisors LLC raised its holdings in shares of Lowe’s Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after buying an additional 620 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 18.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock worth $829,000 after buying an additional 584 shares during the last quarter. Finally, Legacy CG LLC raised its holdings in shares of Lowe’s Companies by 25.0% in the fourth quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock worth $5,107,000 after buying an additional 4,583 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.1 %

Shares of NYSE LOW traded up $2.55 during trading on Friday, hitting $232.13. The company had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. The stock has a fifty day simple moving average of $240.07 and a two-hundred day simple moving average of $221.10. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a market capitalization of $132.82 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period last year, the firm posted $2.28 earnings per share. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research note on Wednesday, February 14th. Evercore ISI cut their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Finally, Mizuho assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and a consensus target price of $252.52.

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.