Lowe’s Companies, Inc. (NYSE:LOW) Holdings Decreased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,741 shares of the home improvement retailer’s stock after selling 494 shares during the period. Lowe’s Companies comprises approximately 2.1% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 13th largest holding. Fulton Breakefield Broenniman LLC’s holdings in Lowe’s Companies were worth $25,536,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LOW. Wetzel Investment Advisors Inc. acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC boosted its position 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 purchasing an additional 70 shares during the period. Itau Unibanco Holding S.A. bought a new position in Lowe’s Companies during the 3rd quarter worth $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Lowe’s Companies in the fourth quarter worth $47,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Barclays upped their target price on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Evercore ISI cut their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Piper Sandler increased their price objective on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, Wells Fargo & Company raised their target price on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Price Performance

NYSE LOW opened at $229.87 on Friday. The company has a market capitalization of $131.53 billion, a P/E ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company’s 50 day simple moving average is $239.98 and its 200 day simple moving average is $219.82.

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 (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the prior year, the company earned $2.28 earnings per share. The firm’s revenue was down 17.1% on a year-over-year basis. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 33.43%.

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.