VisionPoint Advisory Group LLC Has $257,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

VisionPoint Advisory Group LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,039 shares of the home improvement retailer’s stock after buying an additional 231 shares during the period. VisionPoint Advisory Group LLC’s holdings in Lowe’s Companies were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Lane & Associates LLC increased its position in shares of Lowe’s Companies by 25.0% in the fourth quarter. Lane & Associates LLC now owns 1,705 shares of the home improvement retailer’s stock worth $443,000 after purchasing an additional 341 shares during the period. Paradigm Asset Management Co. LLC grew its stake in Lowe’s Companies by 53.2% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 8,923 shares of the home improvement retailer’s stock worth $2,202,000 after buying an additional 3,100 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in Lowe’s Companies by 9.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 3,309 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 278 shares during the period. Compass Capital Corp MA ADV acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $217,000. Finally, Timonier Family Office LTD. acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $694,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Trading Down 3.0 %

Shares of LOW stock opened at $238.93 on Friday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The stock has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. The stock has a 50-day moving average of $253.31 and a 200-day moving average of $258.58.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Stifel Nicolaus raised their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Truist Financial boosted their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Company 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.