Mason & Associates Inc Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Mason & Associates Inc lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,006 shares of the home improvement retailer’s stock after purchasing an additional 61 shares during the quarter. Mason & Associates Inc’s holdings in Lowe’s Companies were worth $248,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LOW. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC increased its position 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 last quarter. JNBA Financial Advisors raised its holdings 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 buying an additional 100 shares during the period. MFA Wealth Advisors LLC lifted its position in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in Lowe’s Companies during the second quarter worth $37,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.2 %

Shares of LOW stock opened at $256.08 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The stock has a market cap of $144.60 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.08 and a beta of 1.11. The stock has a 50 day moving average of $260.54 and a 200 day moving average of $253.93.

Lowe’s Companies Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.80%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Insider Activity at Lowe’s Companies

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Melius Research started coverage on shares of Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price for the company. TD Cowen raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Barclays upped their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Royal Bank of Canada lifted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

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.