Thompson Siegel & Walmsley LLC Acquires 720 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Thompson Siegel & Walmsley LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,049 shares of the home improvement retailer’s stock after purchasing an additional 720 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Lowe’s Companies were worth $13,900,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Tidemark LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at about $27,000. Voisard Asset Management Group Inc. bought a new position in Lowe’s Companies during the 4th quarter worth approximately $28,000. Transcendent Capital Group LLC purchased a new position in Lowe’s Companies in the 4th quarter worth approximately $31,000. Stephens Consulting LLC lifted its position in Lowe’s Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new position in shares of Lowe’s Companies in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $255.41 on Friday. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The firm has a 50-day moving average of $240.11 and a 200 day moving average of $234.78. The stock has a market cap of $144.89 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter last year, the firm earned $4.56 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts expect that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.80%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s payout ratio is 36.95%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. lowered their price objective on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Truist Financial raised their target price on Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, August 20th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $252.83.

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.