Gray Wealth Management Inc. Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Gray Wealth Management Inc. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 936 shares of the home improvement retailer’s stock after purchasing an additional 139 shares during the quarter. Gray Wealth Management Inc.’s holdings in Lowe’s Companies were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the 3rd quarter worth about $27,000. Winch Advisory Services LLC grew its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at about $31,000. Finally, Financial Life Planners purchased a new position in Lowe’s Companies in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW opened at $224.64 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market cap of $126.84 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The firm’s fifty day moving average is $250.18 and its 200 day moving average is $258.63.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LOW shares. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Piper Sandler reduced their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Bank of America lowered their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. DA Davidson boosted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Finally, Barclays raised their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.83.

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.