Baugh & Associates LLC Raises Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Baugh & Associates LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,083 shares of the home improvement retailer’s stock after buying an additional 2,179 shares during the quarter. Lowe’s Companies comprises about 4.3% of Baugh & Associates LLC’s holdings, making the stock its 6th largest position. Baugh & Associates LLC’s holdings in Lowe’s Companies were worth $8,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LOW. Wood Tarver Financial Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at $33,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in Lowe’s Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC grew its holdings in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 60 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOW. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 21st. KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target on the stock in a research note on Friday, April 25th. Truist Financial set a $264.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada cut their target price on Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating on the stock in a report on Thursday, May 22nd. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

Lowe’s Companies Stock Up 0.4%

Shares of NYSE LOW opened at $220.76 on Thursday. The company has a market cap of $123.72 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.08 and a beta of 0.92. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The business has a 50-day simple moving average of $223.03 and a two-hundred day simple moving average of $236.94.

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

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.17%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.77%.

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.