BankPlus Trust Department Takes $1.39 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

BankPlus Trust Department bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,648 shares of the home improvement retailer’s stock, valued at approximately $1,394,000.

A number of other hedge funds have also added to or reduced their stakes in LOW. Impax Asset Management Group plc increased its position in shares of Lowe’s Companies by 32.0% during the fourth quarter. Impax Asset Management Group plc now owns 146,216 shares of the home improvement retailer’s stock worth $36,086,000 after acquiring an additional 35,454 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Lowe’s Companies by 0.3% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 54,894 shares of the home improvement retailer’s stock worth $13,548,000 after purchasing an additional 146 shares during the last quarter. Edge Capital Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $238,000. Rothschild Investment LLC grew its holdings in Lowe’s Companies by 6.6% during the fourth quarter. Rothschild Investment LLC now owns 2,693 shares of the home improvement retailer’s stock worth $665,000 after buying an additional 167 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in Lowe’s Companies by 0.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 8,800 shares of the home improvement retailer’s stock valued at $2,172,000 after acquiring an additional 65 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 3.0 %

LOW stock opened at $238.93 on Monday. The company’s 50 day moving average is $253.31 and its 200 day moving average is $258.90. The stock has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of recent analyst reports. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Royal Bank of Canada increased their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, TD Cowen raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

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.