Legacy Financial Advisors Inc. Has $652,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Legacy Financial Advisors Inc. raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,957 shares of the home improvement retailer’s stock after acquiring an additional 85 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Lowe’s Companies were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Summit Trail Advisors LLC raised its position in Lowe’s Companies by 38.5% in the 2nd quarter. Summit Trail Advisors LLC now owns 10,171 shares of the home improvement retailer’s stock worth $2,242,000 after purchasing an additional 2,827 shares during the last quarter. Sei Investments Co. raised its position in shares of Lowe’s Companies by 2.0% during the second quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer’s stock worth $105,927,000 after acquiring an additional 9,228 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Lowe’s Companies by 1.2% in the second quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer’s stock valued at $9,059,000 after acquiring an additional 488 shares during the last quarter. AE Wealth Management LLC increased its position in Lowe’s Companies by 52.7% in the second quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer’s stock worth $4,027,000 after purchasing an additional 6,305 shares during the period. Finally, Bridges Investment Management Inc. raised its holdings in Lowe’s Companies by 164.8% during the 2nd quarter. Bridges Investment Management Inc. now owns 375,240 shares of the home improvement retailer’s stock worth $82,725,000 after purchasing an additional 233,522 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America dropped their target price on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Morgan Stanley increased their target price on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Tuesday, August 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $253.33.

Lowe’s Companies Stock Performance

NYSE LOW opened at $260.14 on Friday. The stock has a market capitalization of $148.24 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The stock’s 50 day moving average price is $243.58 and its two-hundred day moving average price is $235.36.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same quarter in the prior year, the company posted $4.56 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.77%. The ex-dividend date is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

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.