Lowe’s Companies, Inc. (NYSE:LOW) is Security National Bank’s 10th Largest Position

Security National Bank increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,135 shares of the home improvement retailer’s stock after buying an additional 518 shares during the period. Lowe’s Companies accounts for about 1.8% of Security National Bank’s holdings, making the stock its 10th largest holding. Security National Bank’s holdings in Lowe’s Companies were worth $12,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dark Forest Capital Management LP grew its stake in shares of Lowe’s Companies by 201.1% in the third quarter. Dark Forest Capital Management LP now owns 3,180 shares of the home improvement retailer’s stock worth $661,000 after acquiring an additional 2,124 shares during the period. Eagle Asset Management Inc. raised its stake in Lowe’s Companies by 1.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 21,710 shares of the home improvement retailer’s stock valued at $4,512,000 after buying an additional 232 shares during the last quarter. Operose Advisors LLC lifted its holdings in shares of Lowe’s Companies by 70.1% during the 3rd quarter. Operose Advisors LLC now owns 301 shares of the home improvement retailer’s stock valued at $63,000 after buying an additional 124 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Lowe’s Companies by 4.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 215,490 shares of the home improvement retailer’s stock worth $44,787,000 after buying an additional 8,873 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Lowe’s Companies by 5.0% in the third quarter. Mutual Advisors LLC now owns 11,899 shares of the home improvement retailer’s stock worth $2,473,000 after acquiring an additional 572 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LOW. Zelman & Associates restated a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, May 21st. Mizuho started coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective on the stock. Citigroup reduced their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Finally, Morgan Stanley raised their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $251.33.

Lowe’s Companies Trading Up 0.6 %

Shares of LOW traded up $1.29 during mid-day trading on Wednesday, hitting $218.54. 1,456,343 shares of the company’s stock were exchanged, compared to its average volume of 2,461,900. The firm has a market capitalization of $124.53 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.66 and a beta of 1.08. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The business’s 50 day moving average is $225.89 and its two-hundred day moving average is $228.28.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the firm earned $3.67 EPS. Lowe’s Companies’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

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.