Truist Financial Corp Sells 39,007 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Truist Financial Corp reduced its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 548,951 shares of the home improvement retailer's stock after selling 39,007 shares during the period. Truist Financial Corp owned about 0.10% of Lowe's Companies worth $135,481,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Crew Capital Management Ltd. raised its holdings in Lowe's Companies by 1.0% in the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock worth $1,049,000 after acquiring an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC grew its position in Lowe's Companies by 2.8% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock worth $372,000 after purchasing an additional 37 shares during the period. Klingenstein Fields & Co. LP grew its position in Lowe's Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after purchasing an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in Lowe's Companies by 0.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock worth $2,021,000 after purchasing an additional 40 shares during the period. Finally, Saxony Capital Management LLC grew its position in Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after purchasing an additional 40 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 0.0 %

LOW stock traded down $0.05 during mid-day trading on Thursday, hitting $246.63. The company had a trading volume of 2,025,629 shares, compared to its average volume of 2,157,921. The company has a market capitalization of $139.26 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.99 and a beta of 1.11. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The company has a 50-day moving average price of $254.11 and a 200 day moving average price of $258.65.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Truist Financial lifted their target price on shares of Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Guggenheim reaffirmed a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Mizuho boosted their price objective on shares of Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $282.96.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.

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.