Brophy Wealth Management LLC Purchases New Position in Lowe's Companies, Inc. (NYSE:LOW)

Brophy Wealth Management LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,089 shares of the home improvement retailer's stock, valued at approximately $566,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Lowe's Companies during the 3rd quarter worth approximately $27,000. Stephens Consulting LLC boosted its stake in 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 purchasing an additional 70 shares during the period. JNBA Financial Advisors boosted its stake in Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after buying an additional 100 shares in the last quarter. MFA Wealth Advisors LLC lifted its holdings 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 worth $35,000 after buying an additional 70 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in shares of Lowe's Companies in the second quarter worth $37,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

NYSE LOW traded down $3.30 on Tuesday, reaching $270.85. 873,292 shares of the stock traded hands, compared to its average volume of 2,434,650. Lowe's Companies, Inc. has a 12 month low of $205.84 and a 12 month high of $287.01. The company has a market cap of $152.94 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.29 and a beta of 1.10. The company has a fifty day moving average price of $271.07 and a 200-day moving average price of $248.27.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LOW shares. DA Davidson raised their price target on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Sanford C. Bernstein cut their price objective on Lowe's Companies from $306.00 to $301.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Melius Research started coverage on shares of Lowe's Companies in a research note on Monday, September 23rd. They set a "buy" rating and a $290.00 target price on the stock. Mizuho increased their price objective on Lowe's Companies from $280.00 to $282.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $277.92.

Insider Activity at Lowe's Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,697 shares of company stock valued at $5,214,586 over the last quarter. Insiders own 0.26% of the company's stock.

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.