Delta Financial Advisors LLC Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Delta Financial Advisors LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,202 shares of the home improvement retailer’s stock after acquiring an additional 59 shares during the period. Lowe’s Companies makes up approximately 1.2% of Delta Financial Advisors LLC’s holdings, making the stock its 27th biggest holding. Delta Financial Advisors LLC’s holdings in Lowe’s Companies were worth $3,258,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB grew its position in shares of Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after buying an additional 20,123 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of Lowe’s Companies by 5.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer’s stock worth $2,060,000 after buying an additional 389 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Lowe’s Companies by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 217,811 shares of the home improvement retailer’s stock worth $58,994,000 after buying an additional 4,308 shares in the last quarter. Hunter Associates Investment Management LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter worth $241,000. Finally, SFE Investment Counsel grew its position in shares of Lowe’s Companies by 1.0% during the 3rd quarter. SFE Investment Counsel now owns 49,018 shares of the home improvement retailer’s stock worth $13,277,000 after buying an additional 507 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 2.2 %

Shares of NYSE:LOW opened at $242.33 on Wednesday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock has a market cap of $136.83 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.96 and a beta of 1.11. The business has a 50-day moving average price of $252.53 and a 200-day moving average price of $258.94.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LOW shares. Wells Fargo & Company raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Barclays raised their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Stifel Nicolaus raised their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target 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.