Sugarloaf Wealth Management LLC Buys 66 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sugarloaf Wealth Management LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,665 shares of the home improvement retailer’s stock after purchasing an additional 66 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Lowe’s Companies were worth $411,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LOW. Acadian Asset Management LLC raised its stake in Lowe’s Companies by 352.6% during the second quarter. Acadian Asset Management LLC now owns 14,438 shares of the home improvement retailer’s stock valued at $3,180,000 after purchasing an additional 11,248 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of Lowe’s Companies by 167.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 851 shares of the home improvement retailer’s stock worth $188,000 after purchasing an additional 533 shares during the period. LPL Financial LLC increased its position in shares of Lowe’s Companies by 7.4% during the 2nd quarter. LPL Financial LLC now owns 782,877 shares of the home improvement retailer’s stock valued at $172,593,000 after purchasing an additional 54,202 shares during the last quarter. Vest Financial LLC increased its position in Lowe’s Companies by 8.9% during the second quarter. Vest Financial LLC now owns 190,294 shares of the home improvement retailer’s stock valued at $41,952,000 after acquiring an additional 15,609 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in Lowe’s Companies by 3.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 9,025 shares of the home improvement retailer’s stock valued at $1,990,000 after purchasing an additional 329 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

NYSE:LOW traded up $1.83 during mid-day trading on Friday, hitting $248.72. 1,519,451 shares of the company’s stock traded hands, compared to its average volume of 2,139,556. The company has a fifty day moving average of $261.51 and a 200 day moving average of $252.88. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The company has a market capitalization of $140.44 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

Analyst Ratings Changes

LOW has been the topic of a number of analyst reports. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company increased their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Bank of America boosted their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Eleven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by insiders.

Lowe’s Companies 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.