Monument Capital Management Sells 678 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Monument Capital Management lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 29.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,624 shares of the home improvement retailer’s stock after selling 678 shares during the quarter. Monument Capital Management’s holdings in Lowe’s Companies were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Lowe’s Companies during the fourth quarter valued at about $25,000. Orion Capital Management LLC purchased a new stake in Lowe’s Companies in the third quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its holdings in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $47,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.4 %

LOW stock opened at $231.23 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market cap of $132.31 billion, a P/E ratio of 17.57, a PEG ratio of 1.70 and a beta of 1.13. The business’s 50-day moving average price is $239.65 and its 200-day moving average price is $219.11.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter last year, the company earned $2.28 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LOW shares. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a report on Wednesday, February 14th. Truist Financial lifted their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Morgan Stanley raised their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, DA Davidson reissued a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $252.52.

About Lowe’s Companies

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.