Roxbury Financial LLC Purchases New Position in Lowe's Companies, Inc. (NYSE:LOW)

Roxbury Financial LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,710 shares of the home improvement retailer's stock, valued at approximately $1,828,000. Lowe's Companies accounts for about 1.8% of Roxbury Financial LLC's investment portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of 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 buying an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Lowe's Companies by 1,889.7% during the 3rd 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. Strategic Financial Concepts LLC grew its position in shares of Lowe's Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after acquiring an additional 1,223,116 shares during the period. Applied Finance Capital Management LLC grew its position in shares of Lowe's Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock valued at $219,761,000 after acquiring an additional 645,017 shares during the period. Finally, State Street Corp raised its holdings in Lowe's Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Lowe's Companies from $291.00 to $292.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Wedbush reissued a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. DA Davidson increased their price objective on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $282.96.

Lowe's Companies Stock Performance

LOW stock traded down $4.22 during midday trading on Wednesday, reaching $246.49. 2,513,277 shares of the company traded hands, compared to its average volume of 2,162,052. The firm has a market capitalization of $139.18 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 2.00 and a beta of 1.11. The business has a 50 day moving average of $254.11 and a 200-day moving average of $258.65. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

About Lowe's Companies

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.