Lowe's Companies, Inc. (LOW) Holdings Boosted by BB&T Investment Services Inc.

BB&T Investment Services Inc. raised its position in Lowe's Companies, Inc. (NYSE:LOW) by 54.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,781 shares of the home improvement retailer’s stock after buying an additional 9,122 shares during the period. BB&T Investment Services Inc.’s holdings in Lowe's Companies were worth $2,058,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LOW. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund raised its stake in shares of Lowe's Companies by 61.2% in the first quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 32,859 shares of the home improvement retailer’s stock worth $2,701,000 after acquiring an additional 12,469 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Lowe's Companies in the first quarter worth about $103,000. Colony Group LLC raised its stake in shares of Lowe's Companies by 2.2% in the first quarter. Colony Group LLC now owns 204,098 shares of the home improvement retailer’s stock worth $16,779,000 after acquiring an additional 4,452 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of Lowe's Companies by 39.9% in the first quarter. Archford Capital Strategies LLC now owns 4,802 shares of the home improvement retailer’s stock worth $395,000 after acquiring an additional 1,370 shares during the last quarter. Finally, First Financial Equity Corporation bought a new position in shares of Lowe's Companies in the first quarter worth about $357,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

In related news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now owns 4,650 shares in the company, valued at $372,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zelman & Associates downgraded shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research note on Friday. Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday. Robert W. Baird reissued a “buy” rating and set a $110.00 price target on shares of Lowe's Companies in a research note on Wednesday. Stifel Nicolaus reissued a “buy” rating and set a $103.00 price target on shares of Lowe's Companies in a research note on Friday, December 22nd. Finally, Guggenheim started coverage on shares of Lowe's Companies in a research note on Tuesday, December 12th. They set a “buy” rating and a $95.00 price target for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $88.62.

Lowe's Companies, Inc. (NYSE LOW) opened at $94.74 on Friday. The firm has a market cap of $78,610.00, a P/E ratio of 22.77, a PEG ratio of 1.39 and a beta of 1.14. Lowe's Companies, Inc. has a 1-year low of $70.54 and a 1-year high of $94.80. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. sell-side analysts expect that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s payout ratio is 39.42%.

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Lowe's Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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