7,652 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, Holdings Channel.com reports. The fund bought 7,652 shares of the home improvement retailer’s stock, valued at approximately $2,073,000.

Several other institutional investors have also recently made changes to their positions in the stock. JNBA Financial Advisors lifted its holdings in Lowe’s Companies by 555.6% during 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 in the last quarter. MFA Wealth Advisors LLC lifted its holdings in shares of Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares in the last quarter. Stephens Consulting LLC boosted its position in shares of Lowe’s Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Kimelman & Baird LLC purchased a new position in Lowe’s Companies during the second quarter valued at approximately $37,000. Finally, Tsfg LLC increased its holdings in Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.1 %

Shares of Lowe’s Companies stock opened at $272.05 on Tuesday. The company’s fifty day simple moving average is $270.29 and its two-hundred day simple moving average is $246.30. Lowe’s Companies, Inc. has a 12-month low of $203.72 and a 12-month high of $287.01. The firm has a market cap of $154.33 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. Sanford C. Bernstein cut their price target on shares of Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Truist Financial boosted their target price on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their price target on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Royal Bank of Canada boosted their price objective on Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 20th. Finally, Barclays upped their price objective 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. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $277.92.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock valued at $5,214,586 over the last ninety days. 0.26% of the stock is owned by insiders.

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.