First Bank & Trust Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

First Bank & Trust grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,565 shares of the home improvement retailer’s stock after buying an additional 126 shares during the period. First Bank & Trust’s holdings in Lowe’s Companies were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC raised its holdings in shares of Lowe’s Companies by 10.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 30,321 shares of the home improvement retailer’s stock worth $7,483,000 after purchasing an additional 2,943 shares during the last quarter. Advyzon Investment Management LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $288,000. Handelsbanken Fonder AB raised its holdings in shares of Lowe’s Companies by 4.2% during the fourth quarter. Handelsbanken Fonder AB now owns 181,725 shares of the home improvement retailer’s stock worth $44,850,000 after purchasing an additional 7,407 shares during the last quarter. LMG Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 1.1% during the fourth quarter. LMG Wealth Partners LLC now owns 24,191 shares of the home improvement retailer’s stock worth $5,970,000 after purchasing an additional 263 shares during the last quarter. Finally, Freedom Day Solutions LLC raised its holdings in shares of Lowe’s Companies by 1.2% during the fourth quarter. Freedom Day Solutions LLC now owns 10,262 shares of the home improvement retailer’s stock worth $2,533,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.0 %

LOW opened at $246.63 on Friday. The firm has a market capitalization of $139.26 billion, a PE ratio of 20.57, a PEG ratio of 1.99 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm’s 50-day moving average price is $253.77 and its 200 day moving average price is $258.57.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOW. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Barclays raised their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, TD Cowen lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

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.