Amalgamated Bank Sells 1,956 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Amalgamated Bank lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,045 shares of the home improvement retailer’s stock after selling 1,956 shares during the period. Amalgamated Bank’s holdings in Lowe’s Companies were worth $27,406,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. AMF Tjanstepension AB grew its holdings in shares of Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Lowe’s Companies by 4.7% during the third quarter. GHP Investment Advisors Inc. now owns 1,062 shares of the home improvement retailer’s stock worth $288,000 after purchasing an additional 48 shares during the period. J.W. Cole Advisors Inc. grew its stake in Lowe’s Companies by 5.4% during the third quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer’s stock worth $2,060,000 after buying an additional 389 shares in the last quarter. First Financial Bankshares Inc increased its holdings in Lowe’s Companies by 1.1% in the 3rd quarter. First Financial Bankshares Inc now owns 115,864 shares of the home improvement retailer’s stock valued at $31,382,000 after buying an additional 1,316 shares during the period. Finally, Marmo Financial Group LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $237,000. 74.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LOW has been the topic of several analyst reports. Truist Financial increased their price target 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. Royal Bank of Canada increased their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, February 20th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Price Performance

LOW opened at $236.66 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a market capitalization of $133.63 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.96 and a beta of 1.11. The firm’s fifty day moving average price is $252.84 and its two-hundred day moving average price is $258.90.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.