Calton & Associates Inc. purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,826 shares of the home improvement retailer’s stock, valued at approximately $516,000.

Other hedge funds also recently made changes to their positions in the company. Summit Global Investments purchased a new position in Lowe's Companies during the second quarter valued at approximately $1,421,000. Glenview State Bank Trust DEPT. purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $204,000. Ffcm LLC raised its position in Lowe's Companies by 6.4% during the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after acquiring an additional 1,853 shares in the last quarter. Burney Co. raised its position in Lowe's Companies by 3.9% during the second quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock valued at $11,162,000 after acquiring an additional 5,453 shares in the last quarter. Finally, PGGM Investments raised its position in Lowe's Companies by 45.8% during the third quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock valued at $78,839,000 after acquiring an additional 309,870 shares in the last quarter. Institutional investors own 72.54% of the company’s stock.

Several research analysts recently weighed in on the company. Atlantic Securities cut Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research report on Tuesday, November 28th. Credit Suisse Group set a $116.00 price target on Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday, January 16th. Piper Jaffray Companies reiterated a “hold” rating and set a $82.00 price target on shares of Lowe's Companies in a research report on Friday, November 24th. Stifel Nicolaus restated a “buy” rating and issued a $103.00 price objective on shares of Lowe's Companies in a research report on Friday, December 22nd. Finally, Barclays upgraded Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Lowe's Companies currently has a consensus rating of “Buy” and a consensus target price of $96.35.

Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at $97.17 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. Lowe's Companies, Inc. has a 12-month low of $70.76 and a 12-month high of $108.98. The company has a market capitalization of $82,460.00, a P/E ratio of 23.36, a P/E/G ratio of 0.89 and a beta of 1.19.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. analysts predict that Lowe's Companies, Inc. will post 4.53 EPS for the current fiscal year.

Lowe's Companies declared that its board has authorized a share buyback program on Friday, January 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://theolympiareport.com/2018/02/11/calton-s-companies-inc-low-stock.html.

About Lowe's Companies

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.