Lowe’s Companies, Inc. (NYSE:LOW) is Mattern Capital Management LLC’s 6th Largest Position

Mattern Capital Management LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 52,681 shares of the home improvement retailer’s stock after selling 272 shares during the quarter. Lowe’s Companies comprises approximately 1.7% of Mattern Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Mattern Capital Management LLC’s holdings in Lowe’s Companies were worth $13,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. IFS Advisors LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth $27,000. Winch Advisory Services LLC increased its holdings in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. JNBA Financial Advisors increased its holdings in Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its holdings in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $246.63 on Friday. The stock has a market capitalization of $139.26 billion, a P/E ratio of 20.57, a PEG ratio of 1.99 and a beta of 1.11. The firm’s 50-day moving average is $253.77 and its two-hundred day moving average is $258.57. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Analyst Ratings Changes

LOW has been the subject of a number of research reports. Barclays upped their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. TD Cowen upped their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Thursday. Wells Fargo & Company upped their target price 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. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report 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, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $282.96.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Profile

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.