Roxbury Financial LLC Purchases New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Roxbury Financial LLC purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,710 shares of the home improvement retailer’s stock, valued at approximately $1,828,000. Lowe’s Companies accounts for approximately 1.8% of Roxbury Financial LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors have also made changes to their positions in the stock. Hickory Asset Management Inc. bought a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $272,000. WealthPlan Investment Management LLC lifted its stake in Lowe’s Companies by 12.7% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,156 shares of the home improvement retailer’s stock worth $2,260,000 after purchasing an additional 1,032 shares during the last quarter. PineStone Asset Management Inc. lifted its stake in Lowe’s Companies by 0.5% during the fourth quarter. PineStone Asset Management Inc. now owns 821,842 shares of the home improvement retailer’s stock worth $202,831,000 after purchasing an additional 4,275 shares during the last quarter. BXM Wealth LLC bought a new stake in Lowe’s Companies during the fourth quarter worth $682,000. Finally, Nations Financial Group Inc. IA ADV lifted its stake in Lowe’s Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after purchasing an additional 501 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price 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. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. TD Cowen upped their price target 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. Finally, Truist Financial upped their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Price Performance

LOW stock opened at $251.88 on Friday. The stock 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 company’s 50-day moving average is $255.80 and its 200-day moving average is $258.29. 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.