Mcdaniel Terry & Co. Has $793,000 Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Mcdaniel Terry & Co. decreased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,213 shares of the home improvement retailer's stock after selling 1,022 shares during the period. Mcdaniel Terry & Co.'s holdings in Lowe's Companies were worth $793,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. LMG Wealth Partners LLC grew its holdings in Lowe's Companies by 1.1% in the 4th quarter. LMG Wealth Partners LLC now owns 24,191 shares of the home improvement retailer's stock valued at $5,970,000 after buying an additional 263 shares during the last quarter. Freedom Day Solutions LLC grew its holdings in Lowe's Companies by 1.2% in the 4th quarter. Freedom Day Solutions LLC now owns 10,262 shares of the home improvement retailer's stock valued at $2,533,000 after buying an additional 124 shares during the last quarter. Private Wealth Partners LLC grew its holdings in Lowe's Companies by 9.6% in the 4th quarter. Private Wealth Partners LLC now owns 13,301 shares of the home improvement retailer's stock valued at $3,283,000 after buying an additional 1,163 shares during the last quarter. Private Advisor Group LLC grew its holdings in Lowe's Companies by 29.7% in the 4th quarter. Private Advisor Group LLC now owns 72,579 shares of the home improvement retailer's stock valued at $17,913,000 after buying an additional 16,632 shares during the last quarter. Finally, Alberta Investment Management Corp grew its holdings in Lowe's Companies by 24.1% in the 4th quarter. Alberta Investment Management Corp now owns 3,600 shares of the home improvement retailer's stock valued at $888,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Down 3.0 %

LOW traded down $7.49 during trading 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. The firm's 50 day moving average price is $253.77 and its two-hundred day moving average price is $258.57. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock 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.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction on 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on LOW shares. Wells Fargo & Company raised their target price on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Evercore ISI raised their price objective on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Sanford C. Bernstein raised their price objective 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. Finally, Barclays raised their price objective on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.96.

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.