AMG National Trust Bank Sells 11,712 Shares of Lowe's Companies, Inc. (NYSE:LOW)

AMG National Trust Bank trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 434,428 shares of the home improvement retailer's stock after selling 11,712 shares during the quarter. Lowe's Companies comprises 3.2% of AMG National Trust Bank's holdings, making the stock its 4th largest position. AMG National Trust Bank owned approximately 0.08% of Lowe's Companies worth $117,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JNBA Financial Advisors grew 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 acquiring an additional 100 shares during the period. MFA Wealth Advisors LLC boosted its position in Lowe's Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares in the last quarter. Stephens Consulting LLC grew its stake in shares of Lowe's Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 70 shares during the period. Kimelman & Baird LLC purchased a new position in shares of Lowe's Companies during the 2nd quarter valued at approximately $37,000. Finally, Tsfg LLC lifted its stake in shares of Lowe's Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock valued at $48,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on LOW. Truist Financial raised their price objective on Lowe's Companies from $306.00 to $307.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Wedbush reissued a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a research note on Wednesday, August 21st. Evercore ISI upped their price target on Lowe's Companies from $225.00 to $250.00 and gave the company an "in-line" rating in a research report on Wednesday, August 21st. Finally, Loop Capital upgraded Lowe's Companies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $273.84.

Insider Buying and Selling

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares of the company's stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW stock traded up $2.47 during trading on Monday, reaching $271.87. The company's stock had a trading volume of 2,601,364 shares, compared to its average volume of 2,440,661. The company has a market capitalization of $154.23 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.21 and a beta of 1.10. Lowe's Companies, Inc. has a 1-year low of $196.23 and a 1-year high of $287.01. The stock's 50-day moving average price is $267.74 and its 200 day moving average price is $244.04.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to analysts' expectations of $23.93 billion. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.56 EPS. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.69%. Lowe's Companies's dividend payout ratio (DPR) is currently 38.14%.

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.