Texas Bank & Trust Co Purchases New Shares in Lowe's Companies, Inc. (NYSE:LOW)

Texas Bank & Trust Co purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,398 shares of the home improvement retailer's stock, valued at approximately $3,553,000. Lowe's Companies accounts for approximately 1.5% of Texas Bank & Trust Co's investment portfolio, making the stock its 16th biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $31,000. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $33,000. Measured Risk Portfolios Inc. bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $42,000. Millstone Evans Group LLC bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $44,000. Finally, Financial Life Planners bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $45,000. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Price Performance

Shares of LOW stock opened at $234.20 on Friday. The business's 50 day simple moving average is $224.34 and its 200 day simple moving average is $245.82. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The stock has a market capitalization of $131.09 billion, a PE ratio of 19.53, a PEG ratio of 1.96 and a beta of 1.00.

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

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.96%. The ex-dividend date was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LOW shares. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Truist Financial cut their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada lowered their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Citigroup reaffirmed a "neutral" rating and issued a $253.00 price objective (down from $269.00) on shares of Lowe's Companies in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price of $277.00.

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.

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