Foresight Capital Management Advisors Inc. Invests $305,000 in Lowe's Companies, Inc. (NYSE:LOW)

Foresight Capital Management Advisors Inc. purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,237 shares of the home improvement retailer's stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Crew Capital Management Ltd. increased its position in Lowe's Companies by 1.0% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock valued at $1,049,000 after buying an additional 37 shares in the last quarter. Summit Place Financial Advisors LLC increased its holdings in Lowe's Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock valued at $372,000 after buying an additional 37 shares during the last quarter. Clean Yield Group increased its position in Lowe's Companies by 2.4% in the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock worth $433,000 after buying an additional 38 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in Lowe's Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock valued at $2,021,000 after acquiring an additional 40 shares in the last quarter. Finally, Chapin Davis Inc. grew its holdings in Lowe's Companies by 1.3% during the 3rd quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer's stock valued at $835,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Lowe's Companies Stock Up 0.8 %

LOW stock traded up $1.98 during midday trading on Thursday, hitting $258.70. 1,882,298 shares of the company traded hands, compared to its average volume of 2,341,760. The business has a 50 day simple moving average of $260.44 and a 200-day simple moving average of $253.95. The stock has a market capitalization of $146.07 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. Lowe's Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.78%. Lowe's Companies's dividend payout ratio is currently 38.37%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LOW shares. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Loop Capital upgraded Lowe's Companies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Sanford C. Bernstein boosted their price target on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Piper Sandler raised their target price on shares of Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Finally, Melius Research initiated coverage on shares of Lowe's Companies in a report on Monday, September 23rd. They set a "buy" rating and a $290.00 price objective on the stock. Eleven 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $280.85.

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.