AlphaCore Capital LLC Boosts Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

AlphaCore Capital LLC grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 387.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,262 shares of the home improvement retailer's stock after purchasing an additional 4,978 shares during the period. AlphaCore Capital LLC's holdings in Lowe's Companies were worth $1,461,000 at the end of the most recent quarter.

• Lowe’s Stock Uptrend Can Continue for These 2 Reasons

A number of other institutional investors also recently modified their holdings of the business. State of Alaska Department of Revenue raised its stake in shares of Lowe's Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after purchasing an additional 1,470 shares during the period. Aptus Capital Advisors LLC grew its holdings in Lowe's Companies by 14.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer's stock valued at $26,236,000 after buying an additional 13,092 shares in the last quarter. Larson Financial Group LLC grew its holdings in Lowe's Companies by 8.1% during the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock valued at $3,860,000 after buying an additional 1,242 shares in the last quarter. Northern Trust Corp increased its position in shares of Lowe's Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after buying an additional 993,833 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Lowe's Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock worth $6,848,000 after buying an additional 3,295 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

LOW stock opened at $238.47 on Friday. The company has a market capitalization of $133.65 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company's 50 day moving average price is $224.08 and its two-hundred day moving average price is $231.12.

• MarketBeat Week in Review – 05/12 - 05/16

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.06 EPS. On average, research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were paid a $1.20 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe's Companies's dividend payout ratio is presently 39.77%.

Insider Buying and Selling at Lowe's Companies

• Lowe’s Pro Segment Boost: $1.3B Deal May Fuel Rebound

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent analyst reports. KeyCorp raised shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective for the company in a research note on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, May 21st. Guggenheim restated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research report on Tuesday, July 22nd. Morgan Stanley decreased their price target on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, DA Davidson dropped their price objective on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and an average target price of $270.68.

Get Our Latest Analysis on LOW

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.

Featured Articles

• Five stocks we like better than Lowe's Companies
• Russell 2000 Index, How Investors Use it For Profitable Trading
• Why Monolithic Power's Earnings and Guidance Ignited a Rally
• Business Services Stocks Investing
• AppLovin’s Q2 Miss Spooks Market, But Wall Street Doubles Down
• Investing In Automotive Stocks
• Microsoft Stock Gains as Analysts Boost Price Targets

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Lowe's Companies Right Now?

Before you consider Lowe's Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lowe's Companies wasn't on the list.

While Lowe's Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here