Sunburst Financial Group LLC Purchases 43 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sunburst Financial Group LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,175 shares of the home improvement retailer’s stock after acquiring an additional 43 shares during the quarter. Sunburst Financial Group LLC’s holdings in Lowe’s Companies were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. AMF Tjanstepension AB raised its holdings in shares of Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares in the last quarter. Creative Planning boosted its position in Lowe’s Companies by 9.0% during the 3rd quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock valued at $59,002,000 after buying an additional 18,383 shares during the period. ERn Financial LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth about $245,000. Tsfg LLC grew its position in shares of Lowe’s Companies by 128.2% in the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 100 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its holdings in Lowe’s Companies by 2.4% in the third quarter. Sumitomo Life Insurance Co. now owns 6,921 shares of the home improvement retailer’s stock valued at $1,875,000 after acquiring an additional 159 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 1.0 %

NYSE LOW opened at $252.77 on Friday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock’s 50 day moving average is $256.15 and its 200 day moving average is $258.33. The stock has a market cap of $142.73 billion, a PE ratio of 21.08, a P/E/G ratio of 2.04 and a beta of 1.11.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Mizuho increased their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Barclays upped their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $281.64.

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.