First Financial Bankshares Inc Sells 52,047 Shares of Lowe's Companies, Inc. (NYSE:LOW)

First Financial Bankshares Inc lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 44.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,817 shares of the home improvement retailer's stock after selling 52,047 shares during the quarter. First Financial Bankshares Inc's holdings in Lowe's Companies were worth $15,750,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies in the 3rd quarter valued at approximately $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $31,000. Winch Advisory Services LLC raised its holdings in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the period. Finally, Financial Life Planners acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $45,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 0.4 %

Shares of NYSE:LOW traded up $0.83 during midday trading on Friday, hitting $227.09. The stock had a trading volume of 6,352,712 shares, compared to its average volume of 2,279,073. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The business's 50-day simple moving average is $247.99 and its 200-day simple moving average is $257.88. The company has a market cap of $128.23 billion, a P/E ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12.

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

Lowe's Companies Dividend Announcement

The business also recently disclosed 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 2.03%. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Analyst Ratings Changes

Several analysts have commented on the stock. Sanford C. Bernstein raised their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Mizuho dropped their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $280.83.

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.