Lowe’s Companies, Inc. (NYSE:LOW) Stake Lowered by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 200,959 shares of the home improvement retailer’s stock after selling 2,155 shares during the quarter. Lowe’s Companies comprises 4.4% of Edgemoor Investment Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. Edgemoor Investment Advisors Inc.’s holdings in Lowe’s Companies were worth $49,597,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. United Bank boosted its position in shares of Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock valued at $2,735,000 after purchasing an additional 137 shares during the period. Atlanta Consulting Group Advisors LLC boosted its position in shares of Lowe’s Companies by 7.9% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 1,729 shares of the home improvement retailer’s stock valued at $468,000 after purchasing an additional 127 shares during the period. Accent Capital Management LLC boosted its position in shares of Lowe’s Companies by 110.7% in the 3rd quarter. Accent Capital Management LLC now owns 5,256 shares of the home improvement retailer’s stock valued at $1,424,000 after purchasing an additional 2,761 shares during the period. Concord Asset Management LLC VA boosted its position in shares of Lowe’s Companies by 9.1% in the 3rd quarter. Concord Asset Management LLC VA now owns 4,095 shares of the home improvement retailer’s stock valued at $1,109,000 after purchasing an additional 340 shares during the period. Finally, Claro Advisors LLC boosted its position in shares of Lowe’s Companies by 36.5% in the 3rd quarter. Claro Advisors LLC now owns 2,357 shares of the home improvement retailer’s stock valued at $638,000 after purchasing an additional 630 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LOW. Evercore ISI upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Truist Financial reduced their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One equities research 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.com, the company has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Trading Up 0.9 %

Shares of Lowe’s Companies stock opened at $224.64 on Monday. The business’s fifty day moving average price is $250.18 and its 200 day moving average price is $258.63. The stock has a market capitalization of $126.84 billion, a P/E ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

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

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.