Guyasuta Investment Advisors Inc. cut its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,162 shares of the home improvement retailer's stock after selling 1,563 shares during the period. Lowe's Companies makes up 2.7% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 9th biggest holding. Guyasuta Investment Advisors Inc.'s holdings in Lowe's Companies were worth $43,230,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. StoneX Group Inc. purchased a new stake in shares of Lowe's Companies during the 3rd quarter valued at approximately $2,713,000. Principal Financial Group Inc. raised its position in Lowe's Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after purchasing an additional 24,812 shares during the period. Miracle Mile Advisors LLC lifted 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 valued at $4,696,000 after purchasing an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Lowe's Companies by 1.2% during 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 purchasing an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Lowe's Companies by 2.6% during 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 purchasing an additional 501 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.
Lowe's Companies Trading Down 1.7 %
Shares of LOW stock traded down $4.22 on Wednesday, reaching $246.49. 2,513,277 shares of the stock were exchanged, compared to its average volume of 2,162,052. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market capitalization of $139.18 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.00 and a beta of 1.11. The business's 50 day moving average price is $254.11 and its 200 day moving average price is $258.65.
Insider Transactions at Lowe's Companies
In related news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Truist Financial upped their target price on shares of Lowe's Companies from $307.00 to $308.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Guggenheim restated a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. TD Cowen lifted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. DA Davidson boosted their target price on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.
Check Out Our Latest Report on LOW
Lowe's Companies 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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