Bank of New Hampshire Acquires 300 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bank of New Hampshire increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,769 shares of the home improvement retailer’s stock after acquiring an additional 300 shares during the period. Bank of New Hampshire’s holdings in Lowe’s Companies were worth $3,445,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Klingenstein Fields & Co. LP grew its holdings in shares of Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after acquiring an additional 39 shares in the last quarter. Gen Wealth Partners Inc grew its holdings in shares of Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after acquiring an additional 40 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after acquiring an additional 41 shares in the last quarter. O Brien Greene & Co. Inc grew its holdings in shares of Lowe’s Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after acquiring an additional 42 shares in the last quarter. Finally, FFT Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 3.1% in the fourth quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer’s stock valued at $340,000 after acquiring an additional 42 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial set a $264.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Morgan Stanley dropped their target price on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. DA Davidson dropped their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, May 22nd. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 21st. Finally, Citigroup restated a “neutral” rating and set a $253.00 target price (down previously from $269.00) on shares of Lowe’s Companies in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $271.12.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $225.35 on Friday. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The company has a market capitalization of $126.29 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The business’s fifty day moving average is $223.72 and its 200 day moving average is $241.57.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter last year, the business posted $3.06 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the transaction, the executive vice president now owns 31,898 shares of the company’s stock, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

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.