Centurion Wealth Management LLC Has $505,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Centurion Wealth Management LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,046 shares of the home improvement retailer’s stock after selling 93 shares during the period. Centurion Wealth Management LLC’s holdings in Lowe’s Companies were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the third quarter worth $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC increased its holdings in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Finally, Financial Life Planners acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $45,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

LOW stock opened at $224.64 on Friday. The stock has a market capitalization of $126.84 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company’s 50-day moving average is $250.18 and its 200-day moving average is $258.56. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LOW shares. Mizuho lowered their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $280.83.

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.