Rep. Robert Bresnahan, Jr. Sells Lowe’s Companies, Inc. (NYSE:LOW) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Lowe’s Companies, Inc. (NYSE:LOW). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lowe’s Companies stock on February 7th. The trade occurred in the Representative’s “LPL ACCOUNT I” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Lowe’s Companies Stock Performance

LOW stock traded down $0.78 during midday trading on Friday, hitting $251.88. 1,805,848 shares of the stock were exchanged, compared to its average volume of 2,067,285. The stock’s 50-day moving average price is $255.37 and its 200-day moving average price is $258.38. The stock has a market cap of $142.23 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Institutional Trading of Lowe’s Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. West Paces Advisors Inc. raised its stake in Lowe’s Companies by 37.7% during the fourth quarter. West Paces Advisors Inc. now owns 657 shares of the home improvement retailer’s stock valued at $162,000 after buying an additional 180 shares in the last quarter. South Plains Financial Inc. acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $115,000. Arrow Financial Corp raised its stake in Lowe’s Companies by 1.8% during the fourth quarter. Arrow Financial Corp now owns 4,864 shares of the home improvement retailer’s stock valued at $1,200,000 after buying an additional 87 shares in the last quarter. Blue Rock Wealth Management LLC acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $993,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in Lowe’s Companies by 10.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 142,591 shares of the home improvement retailer’s stock valued at $35,192,000 after buying an additional 13,857 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LOW. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein upped their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Lowe’s Companies

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.