Atlantic Union Bankshares Corp Sells 1,251 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Atlantic Union Bankshares Corp cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,763 shares of the home improvement retailer’s stock after selling 1,251 shares during the quarter. Lowe’s Companies makes up about 1.3% of Atlantic Union Bankshares Corp’s holdings, making the stock its 13th biggest holding. Atlantic Union Bankshares Corp’s holdings in Lowe’s Companies were worth $21,603,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LOW. StoneX Group Inc. bought a new stake in Lowe’s Companies in the third quarter worth $2,713,000. HM Payson & Co. raised its position in shares of Lowe’s Companies by 1.1% in the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock worth $58,409,000 after purchasing an additional 2,322 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in Lowe’s Companies by 12.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock worth $5,637,000 after purchasing an additional 2,889 shares in the last quarter. AMF Tjanstepension AB grew its position in 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 valued at $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Finally, Claro Advisors LLC increased its stake in Lowe’s Companies by 2,246.3% during the 3rd quarter. Claro Advisors LLC now owns 40,521 shares of the home improvement retailer’s stock valued at $10,975,000 after purchasing an additional 38,794 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America increased their price target on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Gordon Haskett cut their target price on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Truist Financial boosted their price target on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Finally, Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.92.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $273.19 on Friday. The company has a market capitalization of $154.98 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.29 and a beta of 1.10. The company’s fifty day moving average price is $270.04 and its 200-day moving average price is $245.85. Lowe’s Companies, Inc. has a one year low of $196.32 and a one year high of $287.01.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.