Scissortail Wealth Management LLC Acquires 3,152 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Scissortail Wealth Management LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 105,066.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,155 shares of the home improvement retailer’s stock after purchasing an additional 3,152 shares during the quarter. Scissortail Wealth Management LLC’s holdings in Lowe’s Companies were worth $779,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the fourth quarter valued at about $31,000. Caisse Des Depots ET Consignations purchased a new position in Lowe’s Companies in the fourth quarter valued at about $33,000. Measured Risk Portfolios Inc. bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $42,000. Millstone Evans Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $44,000. Finally, Financial Life Planners purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $45,000. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LOW shares. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective on the stock in a research note on Friday, April 25th. Truist Financial lowered their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler cut their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Citigroup reissued a “neutral” rating and issued a $253.00 price objective (down previously from $269.00) on shares of Lowe’s Companies in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $277.00.

Lowe’s Companies Price Performance

NYSE LOW opened at $234.20 on Friday. The company’s 50 day simple moving average is $224.34 and its two-hundred day simple moving average is $245.93. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The stock has a market capitalization of $131.09 billion, a PE ratio of 19.53, a P/E/G ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.96%. Lowe’s Companies’s payout ratio is currently 37.67%.

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.