Union Bankshares Corp lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,305 shares of the home improvement retailer’s stock after selling 2,856 shares during the period. Lowe’s Companies makes up 1.6% of Union Bankshares Corp’s investment portfolio, making the stock its 24th largest holding. Union Bankshares Corp’s holdings in Lowe’s Companies were worth $4,831,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Columbia Asset Management purchased a new position in Lowe’s Companies in the third quarter worth about $109,000. Capital Advisors Ltd. LLC purchased a new position in Lowe’s Companies in the third quarter worth about $116,000. Stelac Advisory Services LLC purchased a new position in Lowe’s Companies in the third quarter worth about $123,000. Rational Advisors LLC raised its holdings in Lowe’s Companies by 1,005.9% in the third quarter. Rational Advisors LLC now owns 1,117 shares of the home improvement retailer’s stock worth $128,000 after buying an additional 1,016 shares during the last quarter. Finally, Vectors Research Management LLC purchased a new position in Lowe’s Companies in the third quarter worth about $136,000. 74.33% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on LOW shares. Robert W. Baird reaffirmed an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of Lowe’s Companies in a report on Monday, September 17th. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Friday, September 28th. Telsey Advisory Group lifted their target price on shares of Lowe’s Companies from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, September 28th. Goldman Sachs Group set a $125.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Friday, September 28th. Finally, Bank of America set a $132.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, October 2nd. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $111.65.
In other Lowe’s Companies news, Director Brian C. Rogers bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was bought at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $880,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.30% of the company’s stock.
NYSE LOW traded down $0.24 during trading hours on Monday, hitting $97.06. 199,017 shares of the company’s stock traded hands, compared to its average volume of 4,440,139. The company has a current ratio of 1.00, a quick ratio of 0.18 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $77.91 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35. Lowe’s Companies, Inc. has a 52 week low of $81.16 and a 52 week high of $117.70.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 earnings per share. Sell-side analysts predict that Lowe’s Companies, Inc. will post 5.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 1.98%. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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