Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 119.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,036 shares of the home improvement retailer's stock after buying an additional 20,165 shares during the quarter. Lowe's Companies comprises 0.8% of Kentucky Retirement Systems Insurance Trust Fund's portfolio, making the stock its 23rd biggest holding. Kentucky Retirement Systems Insurance Trust Fund's holdings in Lowe's Companies were worth $9,140,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. IFS Advisors LLC purchased a new position in shares of Lowe's Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe's Companies during the 3rd quarter worth $27,000. Winch Advisory Services LLC grew its stake in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the last quarter. JNBA Financial Advisors grew its stake in Lowe's Companies by 555.6% during 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 during the last quarter. Finally, MFA Wealth Advisors LLC grew its stake in 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. Hedge funds and other institutional investors own 74.06% of the company's stock.
Lowe's Companies Stock Performance
Shares of NYSE:LOW traded down $7.49 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 12 month low of $211.80 and a 12 month high of $287.01. The company has a market capitalization of $134.91 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock's 50-day moving average is $253.31 and its two-hundred day moving average is $258.58.
Insider Activity
In related news, EVP Quonta D. Vance sold 7,198 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.
Analyst Upgrades and Downgrades
LOW has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Truist Financial upped their price target on Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Stifel Nicolaus increased their target price on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $250.00 price target 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, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $282.96.
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Lowe's Companies Company Profile
(
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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