Lowe’s Companies, Inc. (NYSE:LOW) is Triangle Securities Wealth Management’s 8th Largest Position

Triangle Securities Wealth Management lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,941 shares of the home improvement retailer’s stock after selling 236 shares during the period. Lowe’s Companies comprises 2.0% of Triangle Securities Wealth Management’s portfolio, making the stock its 8th largest position. Triangle Securities Wealth Management’s holdings in Lowe’s Companies were worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Lowe’s Companies by 7,952.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,586,400 shares of the home improvement retailer’s stock worth $320,754,000 after buying an additional 1,566,700 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lowe’s Companies by 2,072.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,078,468 shares of the home improvement retailer’s stock worth $218,055,000 after purchasing an additional 1,028,827 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Lowe’s Companies by 13.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,916,354 shares of the home improvement retailer’s stock worth $1,486,770,000 after purchasing an additional 912,518 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Lowe’s Companies by 209.0% in the 1st quarter. First Trust Advisors LP now owns 1,219,542 shares of the home improvement retailer’s stock worth $246,579,000 after purchasing an additional 824,915 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Lowe’s Companies by 44.3% in the 2nd quarter. Deutsche Bank AG now owns 2,324,728 shares of the home improvement retailer’s stock worth $406,063,000 after purchasing an additional 713,735 shares during the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock traded down $2.31 during trading hours on Friday, reaching $197.36. 7,271,376 shares of the company were exchanged, compared to its average volume of 3,178,252. Lowe’s Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $238.37. The stock’s fifty day moving average is $205.77 and its two-hundred day moving average is $201.03. The company has a market cap of $122.50 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 1.13 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 EPS for the quarter, beating the consensus estimate of $2.21 by $0.07. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. The business had revenue of $22.40 billion for the quarter, compared to analysts’ expectations of $22.71 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. Lowe’s Companies’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 13.87 earnings per share for the current year.

Wall Street Analyst Weigh In

LOW has been the topic of several analyst reports. UBS Group lowered their target price on Lowe’s Companies from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, January 6th. Evercore ISI lowered their target price on Lowe’s Companies to $225.00 in a research report on Monday, December 12th. Citigroup lowered their target price on Lowe’s Companies from $215.00 to $210.00 in a research report on Friday, March 3rd. Robert W. Baird lowered their target price on Lowe’s Companies from $250.00 to $235.00 in a research report on Wednesday, March 1st. Finally, Loop Capital lowered their target price on Lowe’s Companies from $210.00 to $200.00 in a research report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $224.81.

Insiders Place Their Bets

In related news, EVP Donald Frieson sold 9,411 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $197.00, for a total value of $1,853,967.00. Following the completion of the transaction, the executive vice president now owns 17,888 shares of the company’s stock, valued at $3,523,936. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

About Lowe’s Companies

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.