MFA Wealth Advisors LLC Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

MFA Wealth Advisors LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 809 shares of the home improvement retailer’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its position in shares of Lowe’s Companies by 2.4% during the first quarter. Private Trust Co. NA now owns 13,537 shares of the home improvement retailer’s stock valued at $3,448,000 after acquiring an additional 314 shares in the last quarter. Patton Albertson Miller Group LLC increased its position in shares of Lowe’s Companies by 7.3% during the first quarter. Patton Albertson Miller Group LLC now owns 30,219 shares of the home improvement retailer’s stock valued at $7,698,000 after acquiring an additional 2,060 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Lowe’s Companies by 23.8% in the first quarter. V Square Quantitative Management LLC now owns 12,182 shares of the home improvement retailer’s stock worth $3,103,000 after purchasing an additional 2,345 shares during the last quarter. Berkshire Bank boosted its holdings in Lowe’s Companies by 119.4% in the first quarter. Berkshire Bank now owns 2,506 shares of the home improvement retailer’s stock worth $638,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in Lowe’s Companies by 1.4% in the first quarter. Premier Path Wealth Partners LLC now owns 4,250 shares of the home improvement retailer’s stock worth $1,083,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.7 %

NYSE LOW traded down $3.75 on Thursday, reaching $217.38. The company had a trading volume of 2,636,277 shares, compared to its average volume of 2,447,451. The stock has a market capitalization of $124.38 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15. The firm’s 50 day moving average price is $237.03 and its 200 day moving average price is $224.66. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the firm posted $3.67 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, research analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a $1.10 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.02%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

Analyst Ratings Changes

LOW has been the topic of several research reports. Citigroup dropped their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Tuesday. Truist Financial dropped their price target on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Evercore ISI dropped their price target on shares of Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a research note on Wednesday. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Hold” and a consensus price target of $251.33.

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.