Lountzis Asset Management LLC Lowers Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Lountzis Asset Management LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,273 shares of the home improvement retailer’s stock after selling 223 shares during the period. Lowe’s Companies comprises approximately 1.8% of Lountzis Asset Management LLC’s portfolio, making the stock its 15th largest position. Lountzis Asset Management LLC’s holdings in Lowe’s Companies were worth $4,263,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in LOW. AMF Tjanstepension AB lifted its position in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after buying an additional 20,123 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Lowe’s Companies by 75.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after purchasing an additional 22,812 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Lowe’s Companies by 18.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 33,866 shares of the home improvement retailer’s stock valued at $9,173,000 after purchasing an additional 5,287 shares during the last quarter. Symphony Financial Ltd. Co. lifted its stake in Lowe’s Companies by 6.0% in the third quarter. Symphony Financial Ltd. Co. now owns 7,940 shares of the home improvement retailer’s stock worth $2,122,000 after purchasing an additional 449 shares during the last quarter. Finally, Financial Insights Inc. purchased a new stake in Lowe’s Companies during the third quarter valued at about $226,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $246.49 on Thursday. The firm has a market capitalization of $139.18 billion, a P/E ratio of 20.56, a PEG ratio of 1.99 and a beta of 1.11. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company’s 50-day simple moving average is $254.11 and its 200 day simple moving average is $258.65.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several analyst reports. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays raised their target price 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. Finally, Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $282.96.

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.