Tiemann Investment Advisors LLC Sells 935 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Tiemann Investment Advisors LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,993 shares of the home improvement retailer’s stock after selling 935 shares during the quarter. Lowe’s Companies makes up about 0.8% of Tiemann Investment Advisors LLC’s investment portfolio, making the stock its 28th largest position. Tiemann Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,726,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LOW. Capital Performance Advisors LLP bought a new position in Lowe’s Companies during the third quarter worth about $61,000. United Bank raised its holdings in shares of Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after buying an additional 137 shares in the last quarter. Assetmark Inc. lifted its position in shares of Lowe’s Companies by 12.0% during the 3rd quarter. Assetmark Inc. now owns 46,499 shares of the home improvement retailer’s stock worth $12,594,000 after buying an additional 4,977 shares during the period. XML Financial LLC boosted its stake in Lowe’s Companies by 1.1% in the 3rd quarter. XML Financial LLC now owns 5,447 shares of the home improvement retailer’s stock valued at $1,475,000 after buying an additional 58 shares in the last quarter. Finally, Mach 1 Financial Group LLC grew its position in Lowe’s Companies by 5.3% in the third quarter. Mach 1 Financial Group LLC now owns 1,085 shares of the home improvement retailer’s stock valued at $294,000 after acquiring an additional 55 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LOW. Royal Bank of Canada cut their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Truist Financial reduced their price target on shares of 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. Sanford C. Bernstein upped their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Barclays lifted their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Price Performance

NYSE LOW opened at $242.84 on Monday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The firm has a market cap 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 stock’s 50-day moving average is $251.90 and its 200-day moving average is $259.25.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS 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.