Mason & Associates Inc Purchases New Position in Lowe’s Companies, Inc. (NYSE:LOW)

Mason & Associates Inc acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 945 shares of the home improvement retailer’s stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. Kingswood Wealth Advisors LLC raised its stake in Lowe’s Companies by 11.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,115 shares of the home improvement retailer’s stock worth $1,048,000 after buying an additional 434 shares during the period. GoalVest Advisory LLC lifted its holdings in shares of Lowe’s Companies by 63.2% during the 1st quarter. GoalVest Advisory LLC now owns 573 shares of the home improvement retailer’s stock valued at $146,000 after purchasing an additional 222 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Lowe’s Companies during the 1st quarter worth approximately $214,000. Wealthcare Advisory Partners LLC lifted its stake in Lowe’s Companies by 26.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 8,029 shares of the home improvement retailer’s stock valued at $2,045,000 after buying an additional 1,697 shares in the last quarter. Finally, ERn Financial LLC acquired a new position in shares of Lowe’s Companies in the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $1.34 on Thursday, hitting $271.45. The company had a trading volume of 367,405 shares, compared to its average volume of 2,442,162. The stock’s 50-day moving average is $259.66 and its two-hundred day moving average is $239.47. The firm has a market cap of $154.68 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period in the prior year, the firm posted $4.56 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.69%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LOW. Bank of America boosted their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Wells Fargo & Company cut their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. UBS Group raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Telsey Advisory Group boosted their price objective on shares of Lowe’s Companies from $230.00 to $275.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $270.60.

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.