Lowe's Companies, Inc. (NYSE:LOW) Holdings Boosted by American National Bank & Trust

American National Bank & Trust boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 22.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,504 shares of the home improvement retailer's stock after acquiring an additional 1,729 shares during the period. American National Bank & Trust's holdings in Lowe's Companies were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC bought a new position in Lowe's Companies during the 4th quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe's Companies in the fourth quarter worth $31,000. Caisse Des Depots ET Consignations bought a new position in shares of Lowe's Companies in the fourth quarter worth $33,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at about $36,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in Lowe's Companies in the fourth quarter valued at about $42,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

LOW stock traded up $0.65 on Thursday, reaching $229.04. The company had a trading volume of 648,242 shares, compared to its average volume of 2,511,236. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The company's fifty day moving average is $224.01 and its 200 day moving average is $242.26. The company has a market cap of $128.20 billion, a P/E ratio of 19.10, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same quarter in the prior year, the company earned $3.06 EPS. Lowe's Companies's revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.10%. Lowe's Companies's dividend payout ratio (DPR) is presently 39.77%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LOW shares. Bank of America reduced their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Truist Financial set a $264.00 price target on Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company reduced their price target on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Robert W. Baird reduced their price target on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Finally, Morgan Stanley reduced their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Company 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.