BXM Wealth LLC Makes New $682,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

BXM Wealth LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,765 shares of the home improvement retailer’s stock, valued at approximately $682,000.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Lowe’s Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after buying an additional 2,399,897 shares during the period. State Street Corp lifted its stake in Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares during the period. Geode Capital Management LLC lifted its stake in Lowe’s Companies by 1.6% in the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock worth $3,169,041,000 after acquiring an additional 187,473 shares during the period. Charles Schwab Investment Management Inc. increased its position in Lowe’s Companies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock valued at $912,508,000 after purchasing an additional 39,953 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its holdings in Lowe’s Companies by 1.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer’s stock worth $634,700,000 after purchasing an additional 36,054 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LOW shares. Truist Financial boosted their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Stock Down 0.3 %

Shares of NYSE LOW opened at $251.88 on Friday. The firm’s 50-day moving average price is $255.80 and its 200-day moving average price is $258.29. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market cap of $142.23 billion, a PE ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11.

Insider Buying and Selling

In other 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

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.