Lowe's Companies, Inc. (NYSE:LOW) Shares Purchased by Hilltop Holdings Inc.

Hilltop Holdings Inc. grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 46.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,021 shares of the home improvement retailer's stock after buying an additional 1,915 shares during the period. Hilltop Holdings Inc.'s holdings in Lowe's Companies were worth $1,631,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its stake in 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 purchasing an additional 2,399,897 shares during the period. Legal & General Group Plc grew its stake in Lowe's Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock worth $1,147,603,000 after purchasing an additional 82,978 shares during the period. Charles Schwab Investment Management Inc. grew its stake in 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 purchasing an additional 39,953 shares during the period. Ontario Teachers Pension Plan Board grew its stake 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 acquiring an additional 36,054 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Lowe's Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock worth $578,256,000 after acquiring an additional 2,027,668 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $2.15 during trading hours on Wednesday, reaching $272.24. The company had a trading volume of 2,080,873 shares, compared to its average volume of 2,445,526. The stock has a fifty day moving average of $270.79 and a 200-day moving average of $247.06. The company has a market capitalization of $153.72 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.28 and a beta of 1.09. Lowe's Companies, Inc. has a 12-month low of $203.85 and a 12-month high of $287.01.

Insider Buying and Selling

In other Lowe's Companies 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 transaction of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,697 shares of company stock worth $5,214,586. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 21st. Morgan Stanley increased their target price on Lowe's Companies from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 21st. Piper Sandler raised their price target on Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Gordon Haskett decreased their price target on Lowe's Companies from $245.00 to $240.00 and set a "hold" rating for the company in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company lifted their target price on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Ten research 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 currently has an average rating of "Moderate Buy" and an average price target 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.