Naviter Wealth LLC Has $402,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Naviter Wealth LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 76.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,628 shares of the home improvement retailer’s stock after selling 5,219 shares during the period. Naviter Wealth LLC’s holdings in Lowe’s Companies were worth $402,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Klingenstein Fields & Co. LP raised its holdings in shares of Lowe’s Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after buying an additional 39 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Lowe’s Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after buying an additional 40 shares in the last quarter. Saxony Capital Management LLC raised its holdings in shares of Lowe’s Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after buying an additional 40 shares in the last quarter. Powers Advisory Group LLC grew its position in Lowe’s Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after acquiring an additional 40 shares during the last quarter. Finally, Cordatus Wealth Management LLC grew its position in Lowe’s Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock worth $3,705,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LOW shares. Mizuho reduced their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Truist Financial reduced their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Barclays boosted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

NYSE:LOW opened at $242.84 on Friday. The company has a market cap of $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. The stock’s fifty day moving average price is $251.90 and its two-hundred day moving average price is $259.14. 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 posted its 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. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal 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.