Monumental Financial Group Inc. Has $1.25 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Monumental Financial Group Inc. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,631 shares of the home improvement retailer’s stock after buying an additional 128 shares during the quarter. Lowe’s Companies makes up 0.7% of Monumental Financial Group Inc.’s holdings, making the stock its 23rd biggest holding. Monumental Financial Group Inc.’s holdings in Lowe’s Companies were worth $1,253,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new stake in Lowe’s Companies in the fourth quarter valued at about $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the third quarter valued at about $26,000. VisionPoint Advisory Group LLC raised its position in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Lowe’s Companies in the third quarter valued at about $40,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Lowe’s Companies in the fourth quarter valued at about $47,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 0.0 %

Shares of LOW traded down $0.09 during trading hours on Friday, reaching $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The firm has a 50-day simple moving average of $239.98 and a 200 day simple moving average of $219.94. The company has a market capitalization of $131.53 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 EPS. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Zelman & Associates restated a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Truist Financial raised their price objective on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Morgan Stanley raised their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada raised their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Fifteen investment 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 stock presently has an average rating of “Hold” and a consensus price target of $252.52.

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.