Pines Wealth Management LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,683 shares of the home improvement retailer’s stock, valued at approximately $1,657,000.
A number of other institutional investors have also recently added to or reduced their stakes in LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the third quarter worth $27,000. JNBA Financial Advisors increased its holdings in Lowe’s Companies by 555.6% in the third 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. MFA Wealth Advisors LLC raised its position in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth about $37,000. Finally, Tsfg LLC grew its position in shares of Lowe’s Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is owned by institutional investors.
Lowe’s Companies Price Performance
Shares of NYSE LOW opened at $251.30 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The stock has a market capitalization of $141.90 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a 50-day moving average price of $260.54 and a 200-day moving average price of $253.93.
Lowe’s Companies Dividend Announcement
Insider Transactions at Lowe’s Companies
In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.
Analysts Set New Price Targets
LOW has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson upped their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Truist Financial lowered their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.
Get Our Latest Stock Analysis on LOW
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.
See Also
- Five stocks we like better than Lowe’s Companies
- Comparing and Trading High PE Ratio Stocks
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- What Are Dividends? Buy the Best Dividend Stocks
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
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 – Free Report).
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.