GAM Holding AG Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

GAM Holding AG acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,826 shares of the home improvement retailer's stock, valued at approximately $1,191,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. StoneX Group Inc. bought a new stake in Lowe's Companies in the 3rd quarter valued at $2,713,000. Principal Financial Group Inc. grew its stake in shares of Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after buying an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Lowe's Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after buying an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Lowe's Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after buying an additional 4,435 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Lowe's Companies by 2.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after buying an additional 501 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded down $7.49 during trading hours on Friday, hitting $238.93. The company's stock had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a market capitalization of $134.91 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11. The firm's fifty day moving average price is $253.77 and its 200 day moving average price is $258.57.

Analyst Ratings Changes

A number of equities analysts have commented on LOW shares. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Stifel Nicolaus lifted their price objective on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Truist Financial lifted their price objective on shares of Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Mizuho lifted their price objective 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. Finally, Sanford C. Bernstein lifted their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $282.96.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.