First American Bank Sells 141 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

First American Bank trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,231 shares of the home improvement retailer’s stock after selling 141 shares during the period. Lowe’s Companies makes up approximately 1.1% of First American Bank’s holdings, making the stock its 25th biggest holding. First American Bank’s holdings in Lowe’s Companies were worth $15,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB raised its position in shares of Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares in the last quarter. Lodestar Private Asset Management LLC purchased a new stake in Lowe’s Companies during the third quarter valued at approximately $204,000. Cornerstone Wealth Group LLC lifted its stake in shares of Lowe’s Companies by 0.8% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 25,852 shares of the home improvement retailer’s stock valued at $7,002,000 after purchasing an additional 195 shares during the last quarter. Solidarity Wealth LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $203,000. Finally, Goldstone Financial Group LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at approximately $203,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $245.87 on Friday. The stock has a market capitalization of $138.83 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.96 and a beta of 1.11. The company’s 50-day simple moving average is $252.50 and its 200-day simple moving average is $258.77. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

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.