DRW Securities LLC Has $664,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

DRW Securities LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 107.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,013 shares of the home improvement retailer’s stock after acquiring an additional 1,564 shares during the quarter. DRW Securities LLC’s holdings in Lowe’s Companies were worth $664,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LOW. Brevan Howard Capital Management LP increased its position in Lowe’s Companies by 824.6% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after buying an additional 13,680 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Lowe’s Companies by 10.3% during the first quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer’s stock valued at $55,266,000 after acquiring an additional 20,181 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of Lowe’s Companies by 655.9% during the first quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer’s stock worth $1,606,000 after purchasing an additional 5,470 shares during the period. 17 Capital Partners LLC bought a new position in shares of Lowe’s Companies in the 1st quarter worth $1,368,000. Finally, Gerber LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at $235,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $260.14 on Monday. The stock has a market capitalization of $148.24 billion, a PE ratio of 20.89, a P/E/G ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The business’s fifty day moving average price is $243.58 and its 200-day moving average price is $235.32.

Lowe’s Companies (NYSE:LOW) last issued 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 net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. During the same quarter last year, the business earned $4.56 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.77%. Lowe’s Companies’s payout ratio is presently 36.95%.

Insiders Place Their Bets

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies 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 transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. Bank of America dropped their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. TD Cowen raised their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Thursday. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, August 20th. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company lowered their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $253.48.

Lowe’s Companies 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.