Calamos Wealth Management LLC Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Calamos Wealth Management LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,911 shares of the home improvement retailer’s stock after buying an additional 109 shares during the quarter. Calamos Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,212,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Patron Partners LLC lifted its position in shares of Lowe’s Companies by 2.7% during the fourth quarter. Patron Partners LLC now owns 2,749 shares of the home improvement retailer’s stock worth $678,000 after purchasing an additional 72 shares during the last quarter. Trust Point Inc. lifted its holdings in Lowe’s Companies by 1.8% in the fourth quarter. Trust Point Inc. now owns 4,188 shares of the home improvement retailer’s stock valued at $1,034,000 after acquiring an additional 75 shares during the period. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $202,000. Optas LLC raised its stake in shares of Lowe’s Companies by 143.8% during the 4th quarter. Optas LLC now owns 3,311 shares of the home improvement retailer’s stock worth $817,000 after buying an additional 1,953 shares during the period. Finally, Hodges Capital Management Inc. grew its holdings in Lowe’s Companies by 12.0% in the 4th quarter. Hodges Capital Management Inc. now owns 5,378 shares of the home improvement retailer’s stock valued at $1,327,000 after buying an additional 577 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research reports. DA Davidson increased their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. TD Cowen boosted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Barclays lifted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Royal Bank of Canada upped their target price on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their price target for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Down 1.3 %

Shares of LOW opened at $256.73 on Tuesday. The stock’s 50-day moving average price is $259.00 and its 200-day moving average price is $257.46. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a market capitalization of $144.96 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.18 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Transactions at Lowe’s Companies

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

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.