S.A. Mason LLC Has $978,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

S.A. Mason LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,194 shares of the home improvement retailer’s stock after buying an additional 115 shares during the period. S.A. Mason LLC’s holdings in Lowe’s Companies were worth $978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $33,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the fourth quarter worth $36,000. Inlight Wealth Management LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at $36,000. Finally, IFS Advisors LLC raised its stake in Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lowe’s Companies

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

Lowe’s Companies Trading Up 0.7%

NYSE LOW opened at $220.12 on Wednesday. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The company has a 50 day moving average of $222.91 and a 200-day moving average of $237.06. The firm has a market cap of $123.36 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 2.07 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The firm had revenue of $20.93 billion during the quarter, compared to analysts’ expectations of $21.09 billion. During the same period last year, the firm posted $3.06 EPS. The business’s revenue was down 2.0% on a year-over-year basis. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.18%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.11%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research analyst reports. Mizuho restated an “outperform” rating and issued a $280.00 price target on shares of Lowe’s Companies in a research report on Friday, June 13th. Piper Sandler decreased their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Robert W. Baird cut their price target on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Finally, Bank of America decreased their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $271.12.

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.