Graypoint LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,963 shares of the home improvement retailer’s stock after selling 311 shares during the quarter. Graypoint LLC’s holdings in Lowe’s Companies were worth $5,174,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the 3rd quarter valued at approximately $27,000. JNBA Financial Advisors increased 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 during the period. MFA Wealth Advisors LLC raised its position in Lowe’s Companies by 118.6% in 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 in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $37,000. Finally, Tsfg LLC increased its stake in shares of Lowe’s Companies by 128.2% during 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. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Lowe’s Companies Stock Performance
Lowe’s Companies stock traded up $0.89 during midday trading on Friday, reaching $247.78. 2,537,677 shares of the company were exchanged, compared to its average volume of 2,311,329. The company has a market capitalization of $139.91 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.20 and a beta of 1.11. The firm’s 50-day simple moving average is $261.51 and its 200-day simple moving average is $252.88. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01.
Lowe’s Companies Announces Dividend
Analyst Ratings Changes
A number of equities analysts recently commented on LOW shares. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Barclays raised 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 report on Wednesday, November 20th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday. TD Cowen upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.
Read Our Latest Research Report on Lowe’s Companies
Insiders Place Their Bets
In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction 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 owned by corporate insiders.
Lowe’s Companies Profile
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.
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