Resurgent Financial Advisors LLC Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

Resurgent Financial Advisors LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,015 shares of the home improvement retailer’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oldfather Financial Services LLC raised its position in Lowe’s Companies by 4.8% during the fourth quarter. Oldfather Financial Services LLC now owns 1,021 shares of the home improvement retailer’s stock valued at $232,000 after acquiring an additional 47 shares in the last quarter. PSI Advisors LLC raised its position in Lowe’s Companies by 1.2% during the first quarter. PSI Advisors LLC now owns 4,056 shares of the home improvement retailer’s stock valued at $820,000 after acquiring an additional 50 shares in the last quarter. Arbor Trust Wealth Advisors LLC raised its position in Lowe’s Companies by 1.5% during the first quarter. Arbor Trust Wealth Advisors LLC now owns 3,461 shares of the home improvement retailer’s stock valued at $700,000 after acquiring an additional 50 shares in the last quarter. Westhampton Capital LLC raised its position in Lowe’s Companies by 0.7% during the first quarter. Westhampton Capital LLC now owns 7,100 shares of the home improvement retailer’s stock valued at $1,436,000 after acquiring an additional 50 shares in the last quarter. Finally, Rollins Financial grew its holdings in Lowe’s Companies by 4.1% during the first quarter. Rollins Financial now owns 1,263 shares of the home improvement retailer’s stock valued at $255,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Insider Activity

In other news, EVP Seemantini Godbole sold 11,761 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $214.37, for a total value of $2,521,205.57. Following the transaction, the executive vice president now owns 26,575 shares in the company, valued at $5,696,882.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $205.65 on Monday. Lowe’s Companies, Inc. has a 52 week low of $170.12 and a 52 week high of $263.31. The stock has a 50 day moving average price of $195.77 and a two-hundred day moving average price of $199.30. The stock has a market capitalization of $127.65 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Lowe’s Companies had a negative return on equity of 155.26% and a net margin of 8.83%. The firm had revenue of $27.48 billion during the quarter, compared to analysts’ expectations of $28.16 billion. During the same quarter last year, the firm posted $4.25 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Research analysts forecast that Lowe’s Companies, Inc. will post 13.51 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, October 18th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.04%. Lowe’s Companies’s dividend payout ratio is presently 33.10%.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. UBS Group increased their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, August 18th. Truist Financial raised their price objective on shares of Lowe’s Companies from $237.00 to $263.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. TheStreet raised Lowe’s Companies from a “c+” rating to a “b” rating in a research report on Monday, August 29th. Guggenheim cut their price objective on Lowe’s Companies to $240.00 in a report on Friday, May 20th. Finally, JPMorgan Chase & Co. cut their price objective on Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating for the company in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.05.

Lowe’s Companies Company Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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