ARS Wealth Advisors Group LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

ARS Wealth Advisors Group LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,571 shares of the home improvement retailer’s stock after buying an additional 164 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Lowe’s Companies were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at $27,000. JNBA Financial Advisors grew its position in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. MFA Wealth Advisors LLC increased its stake in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC purchased a new position in Lowe’s Companies in the second quarter worth about $37,000. Finally, Kieckhefer Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $46,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent analyst reports. TD Cowen boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Barclays lifted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Melius Research began coverage on shares of Lowe’s Companies in a report on Monday, September 23rd. They set a “buy” rating and a $290.00 price target on the stock. Finally, Truist Financial decreased their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Trading Up 2.2 %

NYSE LOW opened at $256.73 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The stock has a market cap of $144.96 billion, a PE ratio of 21.41, a P/E/G ratio of 2.20 and a beta of 1.11. The stock’s 50 day moving average is $260.54 and its 200 day moving average is $253.93.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.79%. Lowe’s Companies’s dividend payout ratio is 38.37%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.