Webster Bank N. A. Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Webster Bank N. A. boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,532 shares of the home improvement retailer’s stock after acquiring an additional 1,000 shares during the period. Webster Bank N. A.’s holdings in Lowe’s Companies were worth $1,231,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted its stake in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $35,000. Itau Unibanco Holding S.A. acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $40,000. Finally, True Wealth Design LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $42,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.5 %

Shares of Lowe’s Companies stock opened at $240.71 on Thursday. The firm has a market capitalization of $137.73 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.81 and a beta of 1.13. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm’s 50 day moving average is $235.39 and its two-hundred day moving average is $216.70.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly 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 company had revenue of $18.60 billion for 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 firm’s revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.28 earnings per share. As a group, research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced 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 is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.83%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent analyst reports. Truist Financial boosted 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. Royal Bank of Canada upped their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Gordon Haskett reaffirmed a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a report on Wednesday. Robert W. Baird raised 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 report on Wednesday, February 14th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $270.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and an average target price of $252.33.

Check Out Our Latest Stock Analysis on Lowe’s Companies

About Lowe’s Companies

(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, d├ęcor, and electrical.

Further Reading

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

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