BHK Investment Advisors LLC Raises Stake in Lowe’s Companies, Inc. (NYSE:LOW)

BHK Investment Advisors LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,854 shares of the home improvement retailer’s stock after purchasing an additional 90 shares during the quarter. BHK Investment Advisors LLC’s holdings in Lowe’s Companies were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. FMR LLC boosted 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. Strategic Financial Concepts LLC lifted its position in shares of Lowe’s Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after acquiring an additional 1,223,116 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of Lowe’s Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after acquiring an additional 645,017 shares during the period. State Street Corp grew its position in shares of Lowe’s Companies by 1.9% during 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 purchasing an additional 460,851 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Lowe’s Companies by 219.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer’s stock valued at $124,142,000 after purchasing an additional 314,861 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, February 20th. Royal Bank of Canada boosted their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten investment 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, the company has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $236.66 on Tuesday. The firm has a market capitalization of $133.63 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The business has a 50 day simple moving average of $252.84 and a two-hundred day simple moving average of $258.90. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.

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.