Nisa Investment Advisors LLC Has $47.07 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Nisa Investment Advisors LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 213,503 shares of the home improvement retailer’s stock after selling 19,536 shares during the period. Nisa Investment Advisors LLC’s holdings in Lowe’s Companies were worth $47,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LOW. Zhang Financial LLC grew its holdings in shares of Lowe’s Companies by 0.6% during the 2nd quarter. Zhang Financial LLC now owns 7,549 shares of the home improvement retailer’s stock valued at $1,664,000 after acquiring an additional 46 shares in the last quarter. BTC Capital Management Inc. increased its position in Lowe’s Companies by 1.9% in the 2nd quarter. BTC Capital Management Inc. now owns 31,389 shares of the home improvement retailer’s stock worth $6,920,000 after purchasing an additional 583 shares during the last quarter. Western Wealth Management LLC raised its stake in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Western Wealth Management LLC now owns 7,814 shares of the home improvement retailer’s stock worth $1,723,000 after purchasing an additional 53 shares in the last quarter. Vista Investment Partners LLC lifted its holdings in shares of Lowe’s Companies by 3.5% during the 2nd quarter. Vista Investment Partners LLC now owns 2,965 shares of the home improvement retailer’s stock valued at $654,000 after buying an additional 99 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Lowe’s Companies by 1.9% in the 2nd quarter. Raymond James & Associates now owns 771,306 shares of the home improvement retailer’s stock valued at $170,042,000 after buying an additional 14,329 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on LOW shares. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. DA Davidson reduced their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Lowe’s Companies from $268.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Truist Financial decreased their price target on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Evercore ISI lowered their price target on Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $250.19.

Lowe’s Companies Trading Up 0.7 %

Shares of NYSE LOW traded up $1.65 during mid-day trading on Monday, reaching $242.80. 1,654,993 shares of the company’s stock were exchanged, compared to its average volume of 2,524,048. The business has a fifty day simple moving average of $229.89 and a 200 day simple moving average of $231.88. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market capitalization of $138.36 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.85 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $3.67 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.25%. Lowe’s Companies’s payout ratio is currently 36.95%.

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.