Secured Retirement Advisors LLC Raises Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Secured Retirement Advisors LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,120 shares of the home improvement retailer’s stock after purchasing an additional 247 shares during the period. Lowe’s Companies comprises approximately 1.1% of Secured Retirement Advisors LLC’s portfolio, making the stock its 25th largest position. Secured Retirement Advisors LLC’s holdings in Lowe’s Companies were worth $2,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AMF Tjanstepension AB boosted its holdings in shares of Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares during the period. Creative Planning raised its holdings in Lowe’s Companies by 9.0% during the third quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock worth $59,002,000 after purchasing an additional 18,383 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Lowe’s Companies by 2.1% in the third quarter. Bleakley Financial Group LLC now owns 10,882 shares of the home improvement retailer’s stock valued at $2,947,000 after purchasing an additional 221 shares during the last quarter. Secure Asset Management LLC purchased a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $242,000. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Lowe’s Companies by 9.4% in the third quarter. Stratos Wealth Partners LTD. now owns 40,143 shares of the home improvement retailer’s stock valued at $10,873,000 after acquiring an additional 3,438 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on LOW shares. Stifel Nicolaus raised 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. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Truist Financial lifted their price objective on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $282.96.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $251.88 on Friday. The firm has a market capitalization of $142.23 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock has a fifty day moving average of $255.37 and a two-hundred day moving average of $258.38. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

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.