Integral Investment Advisors Inc. Purchases 331 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Integral Investment Advisors Inc. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,682 shares of the home improvement retailer’s stock after acquiring an additional 331 shares during the period. Integral Investment Advisors Inc.’s holdings in Lowe’s Companies were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Axiom Financial Strategies LLC grew its stake in shares of Lowe’s Companies by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 123 shares during the last quarter. United Bank boosted its position in Lowe’s Companies by 6.8% during the first quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock valued at $1,968,000 after acquiring an additional 617 shares during the last quarter. Prudential PLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $1,629,000. Baird Financial Group Inc. boosted its holdings in shares of Lowe’s Companies by 0.4% during the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock worth $51,780,000 after buying an additional 920 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Lowe’s Companies by 74.6% during the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after acquiring an additional 126 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $0.16 during trading hours on Thursday, reaching $228.70. The company had a trading volume of 1,172,063 shares, compared to its average volume of 2,540,383. The firm has a market cap of $130.86 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The company has a 50-day moving average price of $239.29 and a 200 day moving average price of $218.38.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter last year, the firm earned $2.28 EPS. The company’s revenue was down 17.1% on a year-over-year basis. As a group, research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. DA Davidson reissued a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Monday, March 4th. Finally, UBS Group boosted their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $252.52.

About Lowe’s Companies

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.