Bridge Creek Capital Management LLC Has $3.96 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Bridge Creek Capital Management LLC cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,039 shares of the home improvement retailer’s stock after selling 505 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in Lowe’s Companies were worth $3,958,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $27,000. JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the period. MFA Wealth Advisors LLC grew its stake in shares of Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the period. Kimelman & Baird LLC acquired a new position in Lowe’s Companies during the 2nd quarter valued at about $37,000. Finally, Tsfg LLC boosted its stake in Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Evercore ISI boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Truist Financial cut their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Wells Fargo & Company boosted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Price Performance

LOW stock traded up $1.42 during trading on Monday, reaching $249.32. The company had a trading volume of 1,392,298 shares, compared to its average volume of 2,173,485. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The company has a market cap of $140.78 billion, a P/E ratio of 20.79, a PEG ratio of 2.20 and a beta of 1.11. The business has a 50 day moving average of $261.23 and a 200 day moving average of $253.51.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

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.