CoreFirst Bank & Trust Invests $2.14 Million in Lowe's Companies, Inc. (NYSE:LOW)

CoreFirst Bank & Trust purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,663 shares of the home improvement retailer's stock, valued at approximately $2,138,000. Lowe's Companies comprises 1.3% of CoreFirst Bank & Trust's portfolio, making the stock its 24th biggest position.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC grew its position in Lowe's Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the period. Raymond James Financial Inc. bought a new position in shares of Lowe's Companies during the 4th quarter valued at approximately $314,435,000. Strategic Financial Concepts LLC increased its stake in shares of Lowe's Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the last quarter. Amundi raised its holdings in shares of Lowe's Companies by 60.1% in the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after purchasing an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in Lowe's Companies by 42,529.8% in the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock valued at $208,843,000 after purchasing an additional 844,217 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

LOW has been the subject of a number of recent research reports. Sanford C. Bernstein raised their target price on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Royal Bank of Canada decreased their price objective 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. Truist Financial cut their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. StockNews.com cut shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Guggenheim reiterated a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $279.71.

Lowe's Companies Price Performance

LOW stock traded down $2.28 during midday trading on Tuesday, reaching $230.61. The company had a trading volume of 2,476,794 shares, compared to its average volume of 2,280,569. The firm has a 50-day moving average price of $247.26 and a 200-day moving average price of $257.71. The company has a market capitalization of $130.21 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly 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. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

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.