Copperwynd Financial LLC Has $907,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Copperwynd Financial LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,113 shares of the home improvement retailer’s stock after acquiring an additional 760 shares during the quarter. Copperwynd Financial LLC’s holdings in Lowe’s Companies were worth $907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LOW. Voisard Asset Management Group Inc. purchased a new position in Lowe’s Companies during the fourth quarter valued at approximately $28,000. Transcendent Capital Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $31,000. Stephens Consulting LLC raised its holdings in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in Lowe’s Companies during the first quarter valued at $35,000. Finally, Raleigh Capital Management Inc. grew its stake in Lowe’s Companies by 48.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 183 shares of the home improvement retailer’s stock valued at $41,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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 on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $267.14 on Friday. The stock has a market capitalization of $152.23 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The business’s fifty day moving average price is $246.22 and its two-hundred day moving average price is $236.18. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $268.71.

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

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a yield of 1.72%. Lowe’s Companies’s dividend payout ratio is 36.95%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LOW. Piper Sandler lowered their price target on Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Gordon Haskett cut their price objective on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Morgan Stanley upped their target price on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Truist Financial lifted their price target on shares of Lowe’s Companies from $265.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $258.13.

Lowe’s Companies Company 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.