Curbstone Financial Management Corp Cuts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Curbstone Financial Management Corp reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,074 shares of the home improvement retailer’s stock after selling 100 shares during the period. Curbstone Financial Management Corp’s holdings in Lowe’s Companies were worth $694,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Missouri Trust & Investment Co boosted its holdings in Lowe’s Companies by 1.5% in the 4th quarter. Missouri Trust & Investment Co now owns 3,360 shares of the home improvement retailer’s stock valued at $669,000 after purchasing an additional 50 shares during the period. Key Client Fiduciary Advisors LLC grew its holdings in shares of Lowe’s Companies by 2.5% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 2,047 shares of the home improvement retailer’s stock worth $409,000 after purchasing an additional 50 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Lowe’s Companies by 2.6% during the first quarter. Legacy Financial Advisors Inc. now owns 1,993 shares of the home improvement retailer’s stock valued at $399,000 after purchasing an additional 50 shares during the period. Summit X LLC boosted its stake in Lowe’s Companies by 3.6% during the first quarter. Summit X LLC now owns 1,427 shares of the home improvement retailer’s stock worth $285,000 after buying an additional 50 shares in the last quarter. Finally, Transform Wealth LLC increased its holdings in Lowe’s Companies by 0.3% in the 1st quarter. Transform Wealth LLC now owns 16,932 shares of the home improvement retailer’s stock valued at $3,386,000 after buying an additional 51 shares during the period. 71.88% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

LOW stock traded down $0.15 during midday trading on Thursday, reaching $228.67. 376,845 shares of the company were exchanged, compared to its average volume of 2,780,750. Lowe’s Companies, Inc. has a one year low of $176.50 and a one year high of $237.21. The firm has a market capitalization of $131.97 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The business has a 50-day moving average price of $227.72 and a two-hundred day moving average price of $213.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.07. Lowe’s Companies had a net margin of 6.48% and a negative return on equity of 58.56%. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.97 billion. During the same period last year, the business posted $4.67 earnings per share. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 13.45 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.31%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Janice Dupre sold 5,380 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the transaction, the executive vice president now owns 24,216 shares in the company, valued at approximately $5,600,676.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Lowe’s Companies news, EVP Janice Dupre sold 5,380 shares of Lowe’s Companies stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $231.28, for a total value of $1,244,286.40. Following the transaction, the executive vice president now owns 24,216 shares in the company, valued at $5,600,676.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 4,500 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the completion of the transaction, the executive vice president now directly owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LOW. Argus increased their price target on shares of Lowe’s Companies from $250.00 to $260.00 in a research report on Wednesday, July 12th. Barclays decreased their price objective on shares of Lowe’s Companies from $215.00 to $212.00 in a research note on Wednesday, May 24th. Robert W. Baird lifted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, August 22nd. Guggenheim raised their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Truist Financial upped their target price on shares of Lowe’s Companies from $249.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and an average price target of $237.48.

Lowe’s Companies 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.