Intrust Bank NA Increases Position in Lowe’s Companies, Inc. (NYSE:LOW)

Intrust Bank NA grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,996 shares of the home improvement retailer’s stock after purchasing an additional 130 shares during the period. Intrust Bank NA’s holdings in Lowe’s Companies were worth $2,220,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the third quarter worth about $27,000. Winch Advisory Services LLC grew its stake in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at approximately $31,000. Finally, Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $33,000. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LOW shares. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Bank of America cut their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Truist Financial dropped their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Piper Sandler lowered their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $279.71.

Lowe’s Companies Stock Down 1.7 %

NYSE LOW opened at $228.20 on Friday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a 50 day moving average price of $245.57 and a 200 day moving average price of $257.24. The firm has a market cap of $127.73 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.02%. Lowe’s Companies’s payout ratio is 37.67%.

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.