Advyzon Investment Management LLC Acquires New Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Advyzon Investment Management LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,168 shares of the home improvement retailer’s stock, valued at approximately $288,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Handelsbanken Fonder AB increased its holdings in shares of Lowe’s Companies by 4.2% during the fourth quarter. Handelsbanken Fonder AB now owns 181,725 shares of the home improvement retailer’s stock valued at $44,850,000 after acquiring an additional 7,407 shares in the last quarter. LMG Wealth Partners LLC increased its stake in Lowe’s Companies by 1.1% during the 4th quarter. LMG Wealth Partners LLC now owns 24,191 shares of the home improvement retailer’s stock valued at $5,970,000 after purchasing an additional 263 shares in the last quarter. Freedom Day Solutions LLC increased its stake in Lowe’s Companies by 1.2% during the 4th quarter. Freedom Day Solutions LLC now owns 10,262 shares of the home improvement retailer’s stock valued at $2,533,000 after purchasing an additional 124 shares in the last quarter. Private Wealth Partners LLC raised its holdings in Lowe’s Companies by 9.6% in the fourth quarter. Private Wealth Partners LLC now owns 13,301 shares of the home improvement retailer’s stock worth $3,283,000 after buying an additional 1,163 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Lowe’s Companies by 29.7% in the fourth quarter. Private Advisor Group LLC now owns 72,579 shares of the home improvement retailer’s stock worth $17,913,000 after buying an additional 16,632 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on LOW shares. DA Davidson lifted 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. Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted 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. Truist Financial raised their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $246.63 on Friday. The firm’s 50 day moving average price is $253.77 and its 200-day moving average price is $258.57. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market cap of $139.26 billion, a P/E ratio of 20.57, a PEG ratio of 1.99 and a beta of 1.11.

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.