Concurrent Investment Advisors LLC raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,321 shares of the home improvement retailer's stock after purchasing an additional 2,943 shares during the period. Concurrent Investment Advisors LLC's holdings in Lowe's Companies were worth $7,483,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC bought a new stake in Lowe's Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe's Companies during the third quarter worth approximately $27,000. Winch Advisory Services LLC lifted its holdings in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares during the last quarter. JNBA Financial Advisors boosted its stake in shares of Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC grew its holdings in shares of Lowe's Companies by 118.6% during 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 during the last quarter. Institutional investors own 74.06% of the company's stock.
Insider Buying and Selling
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. 0.26% of the stock is currently owned by insiders.
Lowe's Companies Stock Down 3.0 %
Shares of NYSE:LOW traded down $7.49 during midday trading on Friday, reaching $238.93. The company's stock had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. The firm has a 50 day moving average of $253.77 and a 200-day moving average of $258.57. The firm has a market capitalization of $134.91 billion, a P/E ratio of 19.93, a PEG ratio of 1.96 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.
Analyst Upgrades and Downgrades
LOW has been the subject of several recent research reports. Mizuho boosted their price target on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Stifel Nicolaus boosted their target price on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Truist Financial raised their price target 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. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Wedbush restated a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $282.96.
Read Our Latest Research Report on LOW
About Lowe's Companies
(
Free Report)
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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