Thompson Siegel & Walmsley LLC Sells 13,150 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Thompson Siegel & Walmsley LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 34.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,192 shares of the home improvement retailer’s stock after selling 13,150 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Lowe’s Companies were worth $6,217,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Impact Capital Partners LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $813,000. PGGM Investments boosted its stake in Lowe’s Companies by 2.2% in the 4th quarter. PGGM Investments now owns 52,316 shares of the home improvement retailer’s stock worth $12,912,000 after purchasing an additional 1,137 shares in the last quarter. Wintrust Investments LLC grew its position in Lowe’s Companies by 113.6% during the 4th quarter. Wintrust Investments LLC now owns 767 shares of the home improvement retailer’s stock worth $189,000 after purchasing an additional 408 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Lowe’s Companies by 742.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 295,900 shares of the home improvement retailer’s stock worth $73,028,000 after purchasing an additional 260,762 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Lowe’s Companies by 2.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 43,767 shares of the home improvement retailer’s stock worth $10,802,000 after purchasing an additional 1,201 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

LOW opened at $222.47 on Friday. The firm has a fifty day moving average price of $250.66 and a 200 day moving average price of $258.67. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market cap of $125.62 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.96 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Evercore ISI boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Barclays boosted 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 research report on Wednesday, November 20th. Mizuho dropped their target price on shares of 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. Bank of America dropped their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.