Edgestream Partners L.P. Purchases New Position in Lowe's Companies, Inc. (NYSE:LOW)

Edgestream Partners L.P. bought a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,652 shares of the home improvement retailer's stock, valued at approximately $2,073,000.

Other large investors have also recently modified their holdings of the company. Stephens Consulting LLC boosted its stake in Lowe's Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 70 shares in the last quarter. JNBA Financial Advisors raised its holdings in shares of Lowe's Companies by 555.6% during the third 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 during the last quarter. MFA Wealth Advisors LLC boosted its holdings in Lowe's Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in Lowe's Companies during the 2nd quarter valued at $37,000. Finally, Tsfg LLC boosted its position in Lowe's Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock worth $48,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Up 0.8 %

Shares of Lowe's Companies stock traded up $2.29 during trading on Tuesday, hitting $274.34. 2,459,123 shares of the stock traded hands, compared to its average volume of 2,447,090. The firm has a market cap of $154.91 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.28 and a beta of 1.09. Lowe's Companies, Inc. has a 52-week low of $203.72 and a 52-week high of $287.01. The stock's fifty day simple moving average is $270.64 and its 200 day simple moving average is $246.88.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares of the company's stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of 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 represents a 30.12 % decrease in their position. 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. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOW. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. reduced their price target on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating for the company in a research report on Wednesday, August 21st. Royal Bank of Canada lifted their price objective on Lowe's Companies from $290.00 to $291.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 20th. Morgan Stanley increased their target price on shares of Lowe's Companies from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Wednesday, August 21st. Finally, UBS Group increased their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $277.92.

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.