Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,964 shares of the home improvement retailer’s stock after purchasing an additional 185 shares during the period. First Horizon Advisors Inc.’s holdings in Lowe’s Companies were worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB increased its stake in Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after acquiring an additional 20,123 shares during the last quarter. Silver Oak Securities Incorporated raised its position in Lowe’s Companies by 18.2% in the third quarter. Silver Oak Securities Incorporated now owns 2,586 shares of the home improvement retailer’s stock valued at $691,000 after purchasing an additional 399 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Lowe’s Companies by 19.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,683 shares of the home improvement retailer’s stock worth $16,478,000 after purchasing an additional 10,060 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Lowe’s Companies by 4.7% during the third quarter. GHP Investment Advisors Inc. now owns 1,062 shares of the home improvement retailer’s stock worth $288,000 after buying an additional 48 shares during the period. Finally, Smith Salley Wealth Management grew its stake in shares of Lowe’s Companies by 8.6% in the third quarter. Smith Salley Wealth Management now owns 123,014 shares of the home improvement retailer’s stock valued at $33,318,000 after buying an additional 9,705 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research analyst reports. Barclays raised their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Royal Bank of Canada raised their price objective 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. Mizuho upped 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. Stifel Nicolaus raised their price target on shares of 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, Truist Financial upped their price objective on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $238.93 on Monday. The stock’s 50-day moving average is $253.31 and its two-hundred day moving average is $258.90. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The firm has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.

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.