Amalgamated Bank Decreases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Amalgamated Bank lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,045 shares of the home improvement retailer’s stock after selling 1,956 shares during the period. Amalgamated Bank’s holdings in Lowe’s Companies were worth $27,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC lifted its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $31,000. Finally, JNBA Financial Advisors boosted its holdings in 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 purchasing an additional 100 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. TD Cowen raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Mizuho boosted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Price Performance

LOW opened at $236.66 on Tuesday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The business has a 50 day simple moving average of $252.84 and a two-hundred day simple moving average of $258.90. The firm has a market capitalization of $133.63 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.96 and a beta of 1.11.

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.