Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Baugh & Associates LLC

Baugh & Associates LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,910 shares of the home improvement retailer’s stock after buying an additional 222 shares during the quarter. Lowe’s Companies comprises approximately 4.9% of Baugh & Associates LLC’s investment portfolio, making the stock its 5th largest holding. Baugh & Associates LLC’s holdings in Lowe’s Companies were worth $9,512,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Graypoint LLC grew its position in Lowe’s Companies by 2.7% in the 3rd quarter. Graypoint LLC now owns 21,274 shares of the home improvement retailer’s stock valued at $5,762,000 after purchasing an additional 564 shares during the period. Wealth Architects LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at $203,000. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at $661,000. D.B. Root & Company LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at $210,000. Finally, JNBA Financial Advisors grew its position in Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $261.66 on Thursday. The business has a 50 day moving average of $263.77 and a 200 day moving average of $241.67. The company has a market capitalization of $148.44 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.18 and a beta of 1.10. Lowe’s Companies, Inc. has a 1-year low of $189.05 and a 1-year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter in the previous year, the company posted $4.56 EPS. Lowe’s Companies’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.91 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is currently 38.14%.

Insider Activity at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LOW has been the topic of several recent analyst reports. Gordon Haskett dropped their price objective on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, August 21st. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada lowered their price objective on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fifteen have assigned 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 a consensus target price of $272.20.

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.