Lowe’s Companies, Inc. $LOW Shares Purchased by CW Advisors LLC

CW Advisors LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 52.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,718 shares of the home improvement retailer’s stock after acquiring an additional 27,856 shares during the quarter. CW Advisors LLC’s holdings in Lowe’s Companies were worth $17,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Lowe’s Companies in the 2nd quarter valued at $104,000. Nicolet Bankshares Inc. lifted its stake in shares of Lowe’s Companies by 6.1% in the 2nd quarter. Nicolet Bankshares Inc. now owns 4,775 shares of the home improvement retailer’s stock worth $1,059,000 after acquiring an additional 276 shares during the period. Isthmus Partners LLC boosted its holdings in shares of Lowe’s Companies by 0.6% in the second quarter. Isthmus Partners LLC now owns 48,616 shares of the home improvement retailer’s stock valued at $10,786,000 after acquiring an additional 293 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lowe’s Companies by 26.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,358,118 shares of the home improvement retailer’s stock valued at $523,196,000 after acquiring an additional 491,005 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Lowe’s Companies by 1.2% during the second quarter. OMERS ADMINISTRATION Corp now owns 575,842 shares of the home improvement retailer’s stock worth $127,762,000 after acquiring an additional 7,100 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

LOW opened at $246.91 on Thursday. The company has a market cap of $138.51 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 4.08 and a beta of 0.96. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The business’s fifty day moving average is $239.45 and its two-hundred day moving average is $238.20.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter in the previous year, the company posted $2.89 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.80%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LOW shares. Wells Fargo & Company reduced their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Truist Financial decreased their price target on Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Sanford C. Bernstein upped their price objective on Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. UBS Group reduced their target price on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Argus decreased their target price on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $275.08.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Company 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.