Icon Wealth Advisors LLC Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Icon Wealth Advisors LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,567 shares of the home improvement retailer’s stock after buying an additional 361 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LOW. Stephens Consulting LLC raised its stake in Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. JNBA Financial Advisors raised its position 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 valued at $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC lifted its stake in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares in the last quarter. Kimelman & Baird LLC bought a new position in Lowe’s Companies in the 2nd quarter worth approximately $37,000. Finally, Tsfg LLC raised its holdings in Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 0.3 %

LOW opened at $272.43 on Friday. The company has a market cap of $154.55 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.29 and a beta of 1.10. Lowe’s Companies, Inc. has a 12 month low of $196.32 and a 12 month high of $287.01. The business’s 50-day moving average price is $270.29 and its 200-day moving average price is $246.13.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOW. Bank of America lifted their price target on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Mizuho upped their target price on shares of Lowe’s Companies from $280.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Melius Research initiated coverage on shares of Lowe’s Companies in a research report on Monday, September 23rd. They set a “buy” rating and a $290.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $277.92.

Insiders Place Their Bets

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock valued at $5,214,586 in the last ninety days. Company insiders own 0.26% of the company’s stock.

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.