Madison Investment Advisors LLC Invests $110.78 Million in Lowe's Companies, Inc. (NYSE:LOW)

Madison Investment Advisors LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 448,844 shares of the home improvement retailer's stock, valued at approximately $110,775,000. Lowe's Companies accounts for approximately 1.2% of Madison Investment Advisors LLC's portfolio, making the stock its 21st largest position. Madison Investment Advisors LLC owned approximately 0.08% of Lowe's Companies at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. IFS Advisors LLC acquired a new position in shares of Lowe's Companies in the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies in the third quarter valued at approximately $27,000. Winch Advisory Services LLC raised its position in shares of Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC bought a new stake in shares of Lowe's Companies in the fourth quarter valued at approximately $31,000. Finally, Financial Life Planners acquired a new stake in Lowe's Companies during the fourth quarter worth approximately $45,000. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LOW. Piper Sandler cut their target price on Lowe's Companies from $307.00 to $296.00 and set an "overweight" 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 report on Tuesday. Guggenheim reiterated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Bank of America dropped their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Evercore ISI increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $280.83.

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Lowe's Companies Stock Down 1.9 %

Shares of LOW stock opened at $228.20 on Thursday. The company has a market cap of $128.86 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm has a 50 day moving average of $251.15 and a 200-day moving average of $258.93.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $18.29 billion. Analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

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.

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