American National Bank & Trust Has $2.66 Million Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• American National Bank & Trust increased its stake in Lowe's Companies, owning 11,999 shares worth approximately $2.66 million after a 26.3% growth in the second quarter.
• Multiple brokerages have set price targets for Lowe's stock, with estimates ranging from $267.00 to $325.00, reflecting a generally positive outlook with a consensus rating of "Moderate Buy."
• Lowe's Companies reported earnings of $4.33 per share for the latest quarter, exceeding expectations, though revenues were slightly below forecasts at $23.96 billion.

American National Bank & Trust grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 26.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,999 shares of the home improvement retailer's stock after buying an additional 2,495 shares during the quarter. American National Bank & Trust's holdings in Lowe's Companies were worth $2,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Lowe's Companies in the first quarter worth about $32,000. Inlight Wealth Management LLC acquired a new stake in Lowe's Companies in the first quarter worth about $36,000. IFS Advisors LLC increased its position in Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares during the period. Finally, TruNorth Capital Management LLC acquired a new stake in Lowe's Companies in the first quarter worth about $38,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LOW. Barclays set a $267.00 price objective on Lowe's Companies in a research report on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Sanford C. Bernstein lifted their price objective on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, UBS Group lifted their price objective on Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average target price of $285.50.

Lowe's Companies Price Performance

NYSE:LOW opened at $255.71 on Friday. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The stock has a market capitalization of $143.41 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.38 and a beta of 0.87. The business's 50-day simple moving average is $250.85 and its 200-day simple moving average is $233.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same quarter in the previous year, the business posted $4.10 EPS. Lowe's Companies's revenue for the quarter was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's payout ratio is 39.44%.

Insiders Place Their Bets

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe's Companies stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company's stock.

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.

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