BXM Wealth LLC Acquires Shares of 2,765 Lowe's Companies, Inc. (NYSE:LOW)

BXM Wealth LLC purchased a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,765 shares of the home improvement retailer's stock, valued at approximately $682,000.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Lowe's Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the period. State Street Corp raised its position in shares of Lowe's Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after buying an additional 460,851 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Lowe's Companies by 1.6% in the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after buying an additional 187,473 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Lowe's Companies by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock worth $912,508,000 after buying an additional 39,953 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in shares of Lowe's Companies by 1.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer's stock worth $634,700,000 after buying an additional 36,054 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $4.22 during trading hours on Wednesday, hitting $246.49. The company's stock had a trading volume of 2,513,277 shares, compared to its average volume of 2,162,052. The stock has a market cap of $139.18 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 2.00 and a beta of 1.11. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The business has a 50-day simple moving average of $254.54 and a 200-day simple moving average of $258.73.

Analyst Ratings Changes

A number of brokerages recently issued reports on LOW. Truist Financial increased their price objective on Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Wedbush reiterated a "neutral" rating and issued a $250.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. DA Davidson increased their price objective on Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Finally, Mizuho increased their price objective on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $282.96.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was 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 $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by insiders.

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.