Allied Investment Advisors LLC Has $11.18 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Allied Investment Advisors LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,234 shares of the home improvement retailer’s stock after acquiring an additional 993 shares during the quarter. Lowe’s Companies accounts for about 3.0% of Allied Investment Advisors LLC’s portfolio, making the stock its 7th biggest holding. Allied Investment Advisors LLC’s holdings in Lowe’s Companies were worth $11,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hamilton Capital LLC increased its holdings in shares of Lowe’s Companies by 2.1% during the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after acquiring an additional 49 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Lowe’s Companies by 6.0% during the second quarter. Farther Finance Advisors LLC now owns 884 shares of the home improvement retailer’s stock valued at $200,000 after acquiring an additional 50 shares in the last quarter. Strategy Asset Managers LLC increased its holdings in shares of Lowe’s Companies by 3.4% during the second quarter. Strategy Asset Managers LLC now owns 1,553 shares of the home improvement retailer’s stock valued at $351,000 after acquiring an additional 51 shares in the last quarter. Aprio Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 4.3% during the third quarter. Aprio Wealth Management LLC now owns 1,244 shares of the home improvement retailer’s stock valued at $259,000 after acquiring an additional 51 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Lowe’s Companies by 2.8% during the first quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock valued at $392,000 after acquiring an additional 52 shares in the last quarter. 71.88% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of NYSE LOW traded up $0.10 during trading on Friday, reaching $244.73. 5,692,794 shares of the stock traded hands, compared to its average volume of 2,618,207. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $248.55. The stock has a market capitalization of $140.74 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a 50-day moving average of $226.76 and a 200-day moving average of $214.79.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the company posted $2.28 EPS. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. Analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. Morgan Stanley lifted their target price on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Evercore ISI lifted their target price on Lowe’s Companies from $205.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, November 22nd. Royal Bank of Canada lifted their target price on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Wedbush lifted their target price on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $215.00 target price on shares of Lowe’s Companies in a research report on Friday, February 23rd. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $246.79.

Get Our Latest Stock Report on LOW

Lowe’s Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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