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

BXM Wealth LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,765 shares of the home improvement retailer’s stock, valued at approximately $682,000.

Other hedge funds also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV raised its position 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 acquiring an additional 501 shares during the period. ABC Arbitrage SA bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $363,000. Valeo Financial Advisors LLC lifted its stake in Lowe’s Companies by 0.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 9,579 shares of the home improvement retailer’s stock valued at $2,364,000 after purchasing an additional 57 shares during the last quarter. Klingenstein Fields & Co. LP grew its holdings in Lowe’s Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after purchasing an additional 39 shares during the period. Finally, GFG Capital LLC bought a new position in Lowe’s Companies during the fourth quarter valued at $218,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 0.3 %

Shares of NYSE LOW opened at $251.88 on Friday. The stock’s 50-day moving average is $255.80 and its 200 day moving average is $258.29. The stock has a market cap of $142.23 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. 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 note on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus increased their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Company 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.