Lountzis Asset Management LLC Sells 223 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Lountzis Asset Management LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,273 shares of the home improvement retailer’s stock after selling 223 shares during the period. Lowe’s Companies comprises about 1.8% of Lountzis Asset Management LLC’s holdings, making the stock its 15th largest position. Lountzis Asset Management LLC’s holdings in Lowe’s Companies were worth $4,263,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at about $27,000. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $25,000. JNBA Financial Advisors raised its stake in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Winch Advisory Services LLC boosted its position in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC grew its holdings in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’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 directly owns 16,703 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Stock Down 1.7 %

Shares of LOW opened at $246.49 on Thursday. The business’s 50-day moving average price is $254.11 and its 200-day moving average price is $258.65. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock has a market cap of $139.18 billion, a PE ratio of 20.56, a P/E/G ratio of 1.99 and a beta of 1.11.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Mizuho lifted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.