Voya Investment Management LLC Has $211.40 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Voya Investment Management LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 49.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 857,152 shares of the home improvement retailer’s stock after selling 831,610 shares during the period. Voya Investment Management LLC’s holdings in Lowe’s Companies were worth $211,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. IFS Advisors LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC purchased a new position in Lowe’s Companies in the fourth quarter worth $31,000. Caisse Des Depots ET Consignations bought a new position in Lowe’s Companies in the 4th quarter valued at $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Bank of America reduced their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Truist Financial decreased their price target on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Piper Sandler lowered their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Finally, StockNews.com upgraded shares of 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 given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Trading Down 0.6 %

NYSE LOW opened at $217.80 on Thursday. The stock has a 50-day moving average of $230.48 and a 200-day moving average of $251.65. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a market cap of $121.90 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

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.