Cullen Frost Bankers Inc. Sells 829 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cullen Frost Bankers Inc. lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 127,595 shares of the home improvement retailer’s stock after selling 829 shares during the period. Cullen Frost Bankers Inc.’s holdings in Lowe’s Companies were worth $31,490,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Lowe’s Companies by 0.5% during the fourth quarter. Arizona State Retirement System now owns 164,253 shares of the home improvement retailer’s stock worth $40,538,000 after acquiring an additional 867 shares during the period. Sound Financial Strategies Group LLC boosted its holdings in shares of Lowe’s Companies by 11.4% during the fourth quarter. Sound Financial Strategies Group LLC now owns 3,494 shares of the home improvement retailer’s stock worth $862,000 after acquiring an additional 357 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Lowe’s Companies by 72.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,429 shares of the home improvement retailer’s stock worth $846,000 after acquiring an additional 1,444 shares during the period. Assetmark Inc. boosted its holdings in shares of Lowe’s Companies by 17.9% during the fourth quarter. Assetmark Inc. now owns 54,803 shares of the home improvement retailer’s stock worth $13,525,000 after acquiring an additional 8,304 shares during the period. Finally, Smithfield Trust Co boosted its holdings in shares of Lowe’s Companies by 3.9% during the fourth quarter. Smithfield Trust Co now owns 8,327 shares of the home improvement retailer’s stock worth $2,048,000 after acquiring an additional 309 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Mizuho reduced their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Truist Financial cut their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Piper Sandler cut their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $242.82 on Thursday. The company has a fifty day moving average of $252.13 and a 200-day moving average of $259.12. The company has a market capitalization of $137.11 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during 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%. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

About Lowe’s Companies

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.