National Pension Service Has $279.22 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

National Pension Service lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,131,357 shares of the home improvement retailer’s stock after selling 6,577 shares during the quarter. National Pension Service owned 0.20% of Lowe’s Companies worth $279,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. StoneX Group Inc. purchased a new stake in shares of Lowe’s Companies during the third quarter worth $2,713,000. Principal Financial Group Inc. raised its stake in shares of Lowe’s Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after purchasing an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Lowe’s Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after buying an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Lowe’s Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after buying an additional 4,435 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Lowe’s Companies by 2.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after buying an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of analyst reports. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, February 20th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Truist Financial upped their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $242.33 on Wednesday. The firm has a market capitalization of $136.83 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The company’s 50 day moving average price is $252.53 and its two-hundred day moving average price is $258.94.

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.