Annex Advisory Services LLC Makes New $251,000 Investment in Lowe's Companies, Inc. (NYSE:LOW)

Annex Advisory Services LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,510 shares of the home improvement retailer’s stock, valued at approximately $251,000.

A number of other large investors have also recently bought and sold shares of LOW. Foundations Investment Advisors LLC boosted its stake in Lowe's Companies by 16.6% in the third quarter. Foundations Investment Advisors LLC now owns 12,085 shares of the home improvement retailer’s stock valued at $2,012,000 after buying an additional 1,720 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Lowe's Companies by 14.0% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,925 shares of the home improvement retailer’s stock valued at $1,342,000 after purchasing an additional 1,220 shares during the period. Flagship Harbor Advisors LLC raised its stake in shares of Lowe's Companies by 33.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,448 shares of the home improvement retailer’s stock valued at $465,000 after purchasing an additional 869 shares during the period. Wedbush Securities Inc. raised its stake in shares of Lowe's Companies by 9.2% in the 2nd quarter. Wedbush Securities Inc. now owns 10,594 shares of the home improvement retailer’s stock valued at $1,431,000 after purchasing an additional 889 shares during the period. Finally, State Street Corp increased its position in shares of Lowe's Companies by 2.7% in the first quarter. State Street Corp now owns 35,413,724 shares of the home improvement retailer’s stock valued at $3,047,351,000 after acquiring an additional 922,369 shares during the last quarter. 74.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Ross W. Mccanless sold 62,838 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $168.33, for a total value of $10,577,520.54. Following the transaction, the executive vice president now owns 72,967 shares in the company, valued at $12,282,535.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.

A number of analysts recently issued reports on LOW shares. Telsey Advisory Group lifted their target price on Lowe's Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Exane BNP Paribas started coverage on Lowe's Companies in a research report on Monday, October 5th. They issued a “neutral” rating and a $159.00 target price on the stock. Robert W. Baird lifted their target price on Lowe's Companies from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Loop Capital lifted their target price on Lowe's Companies from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. They noted that the move was a valuation call. Finally, Truist Financial lifted their target price on Lowe's Companies from $135.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $170.13.

Shares of NYSE LOW traded down $4.41 during mid-day trading on Monday, reaching $167.73. The company had a trading volume of 209,236 shares, compared to its average volume of 5,046,479. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.65 and a current ratio of 1.30. Lowe's Companies, Inc. has a one year low of $60.00 and a one year high of $180.67. The firm has a market cap of $130.09 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.24 and a beta of 1.48. The business’s 50-day simple moving average is $165.70 and its 200 day simple moving average is $138.46.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 EPS for the quarter, topping the Zacks’ consensus estimate of $2.95 by $0.80. Lowe's Companies had a return on equity of 228.17% and a net margin of 7.12%. The company had revenue of $27.30 billion for the quarter, compared to analysts’ expectations of $24.24 billion. During the same quarter last year, the business earned $2.15 earnings per share. Lowe's Companies’s revenue was up 30.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 8.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be given a $0.60 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Lowe's Companies’s previous quarterly dividend of $0.55. Lowe's Companies’s dividend payout ratio (DPR) is presently 41.96%.

Lowe's Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

Featured Article: Momentum Indicator: Relative Strength Index

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW).

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.