Econ Financial Services Corp Buys Shares of 15,827 Lowe’s Companies, Inc. $LOW

Econ Financial Services Corp purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,827 shares of the home improvement retailer’s stock, valued at approximately $3,817,000. Lowe’s Companies comprises approximately 1.9% of Econ Financial Services Corp’s investment portfolio, making the stock its 17th largest holding.

Other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies during the 2nd quarter worth $27,000. Activest Wealth Management grew its position in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. United Financial Planning Group LLC bought a new position in Lowe’s Companies in the third quarter valued at about $31,000. Triumph Capital Management acquired a new position in Lowe’s Companies during the third quarter worth about $34,000. Finally, Guerra Advisors Inc acquired a new position in Lowe’s Companies during the third quarter worth about $35,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LOW. KGI Securities started coverage on shares of Lowe’s Companies in a research note on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price target on the stock. UBS Group lowered their price objective on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Robert W. Baird increased their price objective on shares of Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada raised their target price on shares of Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Finally, Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price on the stock in a research note on Wednesday, January 7th. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.76.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $236.13 on Wednesday. The business has a 50 day moving average of $260.88 and a 200-day moving average of $251.47. The company has a market capitalization of $132.25 billion, a P/E ratio of 19.93, a P/E/G ratio of 5.05 and a beta of 0.98. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The business had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same period last year, the company earned $1.93 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.