HighPoint Advisor Group LLC Has $4.35 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

HighPoint Advisor Group LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,058 shares of the home improvement retailer’s stock after buying an additional 798 shares during the period. HighPoint Advisor Group LLC’s holdings in Lowe’s Companies were worth $4,348,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. United Bank raised its holdings in Lowe’s Companies by 1.4% during the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after buying an additional 137 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Lowe’s Companies during the third quarter worth $2,073,000. Cobblestone Capital Advisors LLC NY raised its holdings in shares of Lowe’s Companies by 27.1% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 3,838 shares of the home improvement retailer’s stock worth $1,040,000 after acquiring an additional 818 shares during the period. Erste Asset Management GmbH bought a new stake in Lowe’s Companies in the 3rd quarter valued at $5,976,000. Finally, B&L Asset Management LLC acquired a new position in Lowe’s Companies in the 3rd quarter worth $778,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.7 %

NYSE LOW opened at $228.20 on Monday. The company has a market cap of $127.73 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a 50 day moving average of $245.57 and a 200-day moving average of $257.38.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating 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 firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Analyst Ratings Changes

LOW has been the topic of a number of research reports. Piper Sandler cut their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Stifel Nicolaus boosted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. Finally, Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.71.

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.