Gryphon Financial Partners LLC Has $221,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Gryphon Financial Partners LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 29.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 897 shares of the home improvement retailer’s stock after selling 368 shares during the period. Gryphon Financial Partners LLC’s holdings in Lowe’s Companies were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LOW. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC purchased a new stake in Lowe’s Companies in the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the 4th quarter valued at $31,000. JNBA Financial Advisors boosted its holdings in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Winch Advisory Services LLC grew its position in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Evercore ISI lifted 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. Piper Sandler lowered their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, DA Davidson upped their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $245.64 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company’s 50 day moving average price is $252.49 and its 200-day moving average price is $259.24. The stock has a market capitalization of $138.70 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.96 and a beta of 1.11.

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

About Lowe’s Companies

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.