Mufg Securities Americas Inc. Invests $2.07 Million in Lowe’s Companies, Inc. (NYSE:LOW)

Mufg Securities Americas Inc. purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,374 shares of the home improvement retailer’s stock, valued at approximately $2,067,000.

A number of other hedge funds also recently added to or reduced their stakes in LOW. IFS Advisors LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at $25,000. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the 4th quarter valued at about $31,000. Winch Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $33,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $42,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Mizuho cut their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Bank of America lowered their target price 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. Truist Financial dropped their price objective on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 15th. Finally, Piper Sandler decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $278.04.

Lowe’s Companies Price Performance

Shares of LOW opened at $230.62 on Wednesday. The stock has a market capitalization of $129.08 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The business’s 50 day simple moving average is $224.80 and its 200-day simple moving average is $246.50.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

About Lowe’s Companies

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.