Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,440 shares of the home improvement retailer’s stock after acquiring an additional 576 shares during the quarter. Blueprint Investment Partners LLC’s holdings in Lowe’s Companies were worth $849,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $27,000. IFS Advisors LLC acquired a new stake in Lowe’s Companies in 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 $31,000. Winch Advisory Services LLC grew its holdings in 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 worth $30,000 after acquiring an additional 44 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $227.09 on Friday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a market capitalization of $128.23 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The business has a 50 day moving average price of $247.99 and a two-hundred day moving average price of $257.79.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced 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 2.03%. Lowe’s Companies’s payout ratio is currently 37.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Piper Sandler lowered their target price on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Finally, Bank of America decreased their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

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.