Flavin Financial Services Inc. Acquires New Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Flavin Financial Services Inc. acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,995 shares of the home improvement retailer’s stock, valued at approximately $492,000.

A number of other large investors have also made changes to their positions in LOW. IFS Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors lifted its position in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC lifted its position in Lowe’s Companies by 118.6% during 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 period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LOW shares. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada raised their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. DA Davidson raised their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, TD Cowen raised their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Down 1.3 %

LOW stock opened at $256.73 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock’s 50 day moving average is $259.00 and its two-hundred day moving average is $257.46. The company has a market capitalization of $144.96 billion, a PE ratio of 21.41, a P/E/G ratio of 2.18 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend 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 (DPR) is 38.37%.

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.