Orion Capital Management LLC Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

Orion Capital Management LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 146 shares of the home improvement retailer’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Klingenstein Fields & Co. LP boosted its holdings in Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after purchasing an additional 39 shares during the period. Saxony Capital Management LLC boosted its holdings in Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after purchasing an additional 40 shares during the period. Powers Advisory Group LLC boosted its holdings in Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the period. Gen Wealth Partners Inc boosted its holdings in Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after purchasing an additional 40 shares during the period. Finally, Cordatus Wealth Management LLC boosted its holdings in Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after purchasing an additional 41 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.6%

Shares of LOW stock opened at $223.74 on Friday. The stock’s 50-day moving average price is $224.65 and its 200 day moving average price is $245.01. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The stock has a market capitalization of $125.23 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion for the quarter, compared to analysts’ expectations of $21.09 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.06 EPS. Analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Wednesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler decreased their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Citigroup reissued a “neutral” rating and set a $253.00 target price (down previously from $269.00) on shares of Lowe’s Companies in a research report on Wednesday, May 14th. JPMorgan Chase & Co. cut their target price on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Finally, Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $271.52.

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.