Centric Wealth Management Trims Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Centric Wealth Management lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the third quarter, Holdings Channel reports. The institutional investor owned 1,260 shares of the home improvement retailer’s stock after selling 48 shares during the quarter. Centric Wealth Management’s holdings in Lowe’s Companies were worth $330,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Stephens Consulting LLC grew its position in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. JNBA Financial Advisors lifted its holdings 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 worth $32,000 after purchasing an additional 100 shares during the last quarter. MFA Wealth Advisors LLC boosted 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 valued at $35,000 after purchasing an additional 70 shares during the period. Kimelman & Baird LLC bought a new position in Lowe’s Companies during the 2nd quarter worth $37,000. Finally, Tsfg LLC increased its position in Lowe’s Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction dated 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. This represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $273.19 on Friday. The company’s fifty day moving average is $270.04 and its two-hundred day moving average is $245.85. The firm has a market capitalization of $154.98 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.29 and a beta of 1.10. Lowe’s Companies, Inc. has a 52-week low of $196.32 and a 52-week high of $287.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LOW shares. Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Gordon Haskett dropped their price target on shares of 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. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Mizuho lifted their target price on Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, TD Cowen increased their price target 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. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $277.92.

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.