Lowe’s Companies, Inc. (NYSE:LOW) Position Reduced by Wealthspire Advisors LLC

Wealthspire Advisors LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,984 shares of the home improvement retailer’s stock after selling 201 shares during the quarter. Wealthspire Advisors LLC’s holdings in Lowe’s Companies were worth $1,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $31,000. Fisher Funds Management LTD bought a new stake in Lowe’s Companies in the fourth quarter worth about $13,974,000. First Horizon Advisors Inc. lifted its holdings in Lowe’s Companies by 1.3% in the 4th quarter. First Horizon Advisors Inc. now owns 13,964 shares of the home improvement retailer’s stock valued at $3,447,000 after acquiring an additional 185 shares during the last quarter. Pinnacle Financial Partners Inc boosted its position in shares of Lowe’s Companies by 2.7% during the 4th quarter. Pinnacle Financial Partners Inc now owns 18,450 shares of the home improvement retailer’s stock valued at $4,601,000 after purchasing an additional 483 shares in the last quarter. Finally, Redmond Asset Management LLC grew its stake in shares of Lowe’s Companies by 2.5% in the 4th quarter. Redmond Asset Management LLC now owns 1,890 shares of the home improvement retailer’s stock worth $466,000 after purchasing an additional 46 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was 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 at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Down 1.1 %

Shares of LOW opened at $236.66 on Tuesday. The firm has a market cap of $133.63 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The company’s fifty day moving average is $252.84 and its 200-day moving average is $258.90. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Analyst Upgrades and Downgrades

Several research firms recently commented on LOW. Truist Financial increased 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 note on Tuesday, February 11th. Mizuho boosted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $282.96.

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.