HM Payson & Co. Grows Stake in Lowe's Companies, Inc. (NYSE:LOW)

HM Payson & Co. increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,053 shares of the home improvement retailer's stock after purchasing an additional 3,402 shares during the quarter. HM Payson & Co.'s holdings in Lowe's Companies were worth $54,062,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. IFS Advisors LLC bought a new stake in shares of Lowe's Companies in the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe's Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC raised its stake in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC purchased a new stake in Lowe's Companies during the fourth quarter valued at about $31,000. Finally, Financial Life Planners bought a new position in Lowe's Companies during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, February 26th. Truist Financial dropped their target price on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Evercore ISI raised their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a report on Thursday, December 12th. DA Davidson boosted their price objective on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $280.83.

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Lowe's Companies Stock Performance

NYSE:LOW traded down $0.66 during mid-day trading on Friday, reaching $242.84. The stock had a trading volume of 2,570,569 shares, compared to its average volume of 2,282,015. The stock has a market capitalization of $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. The firm has a 50 day moving average price of $251.90 and a two-hundred day moving average price of $259.25. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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 business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

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.