Tudor Financial Inc. Acquires New Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Tudor Financial Inc. bought a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,930 shares of the home improvement retailer's stock, valued at approximately $1,877,000. Lowe's Companies comprises about 1.2% of Tudor Financial Inc.'s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of LOW. Virtu Financial LLC boosted its holdings in shares of Lowe's Companies by 66.1% in the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock valued at $1,483,000 after buying an additional 2,178 shares during the period. Invst LLC acquired a new position in shares of Lowe's Companies in the 3rd quarter valued at about $255,000. Discipline Wealth Solutions LLC acquired a new position in shares of Lowe's Companies in the 3rd quarter valued at about $630,000. Soltis Investment Advisors LLC boosted its holdings in shares of Lowe's Companies by 8.2% in the 3rd quarter. Soltis Investment Advisors LLC now owns 1,907 shares of the home improvement retailer's stock valued at $517,000 after buying an additional 144 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Lowe's Companies by 17.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,125 shares of the home improvement retailer's stock valued at $1,388,000 after buying an additional 749 shares during the period. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Wednesday, September 18th. Piper Sandler boosted their target price on shares of Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating for the company in a research note on Wednesday, August 21st. Barclays boosted their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $280.85.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares of the company's stock, valued at $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $4.40 on Thursday, reaching $263.50. 2,330,774 shares of the company's stock traded hands, compared to its average volume of 2,443,537. The company has a market capitalization of $148.79 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09. The business's 50 day moving average price is $270.94 and its two-hundred day moving average price is $248.80. Lowe's Companies, Inc. has a 12-month low of $206.08 and a 12-month high of $287.01.

Lowe's Companies 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.