Rep. Robert Bresnahan, Jr. Sells Lowe’s Companies, Inc. (NYSE:LOW) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Lowe’s Companies, Inc. (NYSE:LOW). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lowe’s Companies stock on February 7th. The trade occurred in the Representative’s “LPL ACCOUNT I” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded down $0.78 during trading hours on Friday, hitting $251.88. The stock had a trading volume of 1,805,848 shares, compared to its average volume of 2,067,285. The company has a market capitalization of $142.23 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.04 and a beta of 1.11. The firm’s 50-day moving average price is $255.37 and its two-hundred day moving average price is $258.38. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Hedge Funds Weigh In On Lowe’s Companies

Hedge funds have recently made changes to their positions in the stock. IFS Advisors LLC bought a new position in shares of Lowe’s Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the third quarter worth approximately $27,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth approximately $31,000. Finally, JNBA Financial Advisors grew its stake in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following 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 hyperlink. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada boosted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Truist Financial boosted their target price on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $282.96.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.