Virtu Financial LLC Raises Stake in Lowe's Companies, Inc. (NYSE:LOW)

Virtu Financial LLC boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 66.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,474 shares of the home improvement retailer's stock after acquiring an additional 2,178 shares during the quarter. Virtu Financial LLC's holdings in Lowe's Companies were worth $1,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LOW. Legacy Investment Solutions LLC bought a new stake in Lowe's Companies in the 3rd quarter worth about $27,000. Stephens Consulting LLC boosted its holdings in shares of Lowe's Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. JNBA Financial Advisors boosted its holdings in shares of 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 acquiring an additional 100 shares during the last quarter. MFA Wealth Advisors LLC raised its holdings in shares of Lowe's Companies by 118.6% during the third 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. Finally, Kimelman & Baird LLC purchased a new position in shares of Lowe's Companies during the second quarter valued at approximately $37,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.5 %

NYSE LOW traded down $1.20 on Friday, reaching $262.30. The company had a trading volume of 1,999,279 shares, compared to its average volume of 2,441,946. The firm's 50 day moving average price is $270.80 and its 200 day moving average price is $248.90. Lowe's Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The stock has a market capitalization of $148.11 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research analyst reports. Mizuho lifted their target price on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research report on Thursday. Bank of America lifted their price objective on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Piper Sandler increased their target price on Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Sanford C. Bernstein boosted their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Truist Financial reduced their price target on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating for the company in a research report on Thursday. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $280.85.

Insider Transactions at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The shares were 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 in the company, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

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.