Community Bank N.A. Sells 320 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Community Bank N.A. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,181 shares of the home improvement retailer’s stock after selling 320 shares during the quarter. Community Bank N.A.’s holdings in Lowe’s Companies were worth $4,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $339,000. LPL Financial LLC raised its stake in shares of Lowe’s Companies by 8.1% in the fourth quarter. LPL Financial LLC now owns 879,527 shares of the home improvement retailer’s stock worth $217,067,000 after buying an additional 65,910 shares during the period. Blueprint Investment Partners LLC raised its stake in shares of Lowe’s Companies by 20.1% in the fourth quarter. Blueprint Investment Partners LLC now owns 3,440 shares of the home improvement retailer’s stock worth $849,000 after buying an additional 576 shares during the period. Somerset Group LLC grew its position in shares of Lowe’s Companies by 2.5% during the fourth quarter. Somerset Group LLC now owns 4,106 shares of the home improvement retailer’s stock worth $1,013,000 after purchasing an additional 100 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $47,485,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE LOW opened at $227.09 on Friday. The business’s 50 day moving average price is $247.99 and its 200-day moving average price is $257.79. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The company has a market cap of $128.23 billion, a P/E ratio of 18.94, 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.03%. Lowe’s Companies’s payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Truist Financial cut their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average 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.