Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Legacy CG LLC (2024)

Legacy CG LLC raised its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,948 shares of the home improvement retailer's stock after buying an additional 4,583 shares during the quarter. Lowe's Companies comprises approximately 1.9% of Legacy CG LLC's investment portfolio, making the stock its 18th biggest holding. Legacy CG LLC's holdings in Lowe's Companies were worth $5,107,000 as of its most recent SEC filing.

Get Lowe's Companies alerts:

Several other large investors also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC raised its stake in Lowe's Companies by 33.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer's stock valued at $695,000 after acquiring an additional 843 shares during the period. Harbour Trust & Investment Management Co bought a new position in shares of Lowe's Companies during the fourth quarter worth about $5,890,000. Meridian Wealth Management LLC increased its holdings in Lowe's Companies by 100.4% in the third quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer's stock worth $6,492,000 after purchasing an additional 15,612 shares in the last quarter. Biondo Investment Advisors LLC increased its holdings in Lowe's Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer's stock worth $12,669,000 after purchasing an additional 620 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Lowe's Companies by 2.5% in the third quarter. Geneos Wealth Management Inc. now owns 6,950 shares of the home improvement retailer's stock valued at $1,444,000 after acquiring an additional 168 shares during the period. Institutional investors own 74.06% of the company's stock.

Ad AltimetrySecret Bull Market Starts in This Unusual Sector"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come."In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch. Click for my No. 1 investment, all free of charge, click here.

Lowe's Companies Trading Down 0.9 %

Shares of LOW stock traded down $2.11 during trading hours on Monday, reaching $229.94. 1,933,098 shares of the company's stock were exchanged, compared to its average volume of 2,572,971. The stock's 50 day moving average is $238.71 and its 200-day moving average is $218.01. The company has a market cap of $131.57 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.72 and a beta of 1.13. Lowe's Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate 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 company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the prior year, the company earned $2.28 earnings per share. The firm's revenue was down 17.1% on a year-over-year basis. Equities analysts anticipate that Lowe's Companies, Inc. will post 12.21 EPS for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe's Companies's payout ratio is 33.43%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird raised Lowe's Companies from an "average" rating to an "outperform" rating and set a $250.00 price objective on the stock in a research report on Wednesday, February 14th. JPMorgan Chase & Co. upped their target price on Lowe's Companies from $265.00 to $268.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 28th. Gordon Haskett restated a "hold" rating and issued a $245.00 target price on shares of Lowe's Companies in a research note on Wednesday, April 3rd. Evercore ISI upped their target price on Lowe's Companies from $250.00 to $270.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 26th. Finally, Barclays upped their target price on Lowe's Companies from $203.00 to $229.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 4th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Hold" and an average price target of $252.33.

Check Out Our Latest Analysis on LOW

Lowe's Companies Company Profile

(Free Report)

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.

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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report