Graham Capital Management L.P. Has $1.85 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Graham Capital Management L.P. raised its position in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 598.9% in the 1st quarter, HoldingsChannel reports. The fund owned 9,170 shares of the home improvement retailer’s stock after purchasing an additional 7,858 shares during the period. Graham Capital Management L.P.’s holdings in Lowe’s Companies were worth $1,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of LOW. Norges Bank bought a new position in Lowe’s Companies in the fourth quarter worth $1,751,232,000. Magellan Asset Management Ltd raised its stake in shares of Lowe’s Companies by 12,323.7% in the 1st quarter. Magellan Asset Management Ltd now owns 3,174,865 shares of the home improvement retailer’s stock valued at $641,926,000 after buying an additional 3,149,310 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Lowe’s Companies by 1,121.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,302,622 shares of the home improvement retailer’s stock valued at $853,662,000 after buying an additional 3,032,297 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lowe’s Companies by 7,952.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,586,400 shares of the home improvement retailer’s stock worth $320,754,000 after acquiring an additional 1,566,700 shares during the period. Finally, Egerton Capital UK LLP boosted its position in shares of Lowe’s Companies by 56.2% during the 1st quarter. Egerton Capital UK LLP now owns 3,610,961 shares of the home improvement retailer’s stock valued at $730,100,000 after acquiring an additional 1,299,622 shares in the last quarter. Institutional investors own 74.04% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Seemantini Godbole sold 11,761 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $214.37, for a total transaction of $2,521,205.57. Following the transaction, the executive vice president now directly owns 26,575 shares in the company, valued at approximately $5,696,882.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LOW. Morgan Stanley cut their price target on shares of Lowe’s Companies from $280.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Truist Financial raised their target price on Lowe’s Companies from $237.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. JPMorgan Chase & Co. lowered their price target on Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 9th. Citigroup increased their price objective on Lowe’s Companies to $217.00 in a research note on Monday, August 22nd. Finally, StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.05.

Lowe’s Companies Trading Up 0.6 %

Shares of LOW stock opened at $205.65 on Friday. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $263.31. The firm’s 50 day moving average is $195.77 and its 200-day moving average is $199.40. The firm has a market capitalization of $127.65 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.15 and a beta of 1.22.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $27.48 billion during the quarter, compared to analysts’ expectations of $28.16 billion. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. Lowe’s Companies’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.25 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, October 18th. Lowe’s Companies’s dividend payout ratio is 33.10%.

Lowe’s Companies Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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