Ascent Group LLC Has $3.43 Million Holdings in Lowe’s Companies, Inc. $LOW

Ascent Group LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,239 shares of the home improvement retailer’s stock after purchasing an additional 2,281 shares during the quarter. Ascent Group LLC’s holdings in Lowe’s Companies were worth $3,434,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies during the 2nd quarter worth approximately $27,000. Activest Wealth Management increased its stake 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 acquired a new position in Lowe’s Companies during the third quarter valued at approximately $31,000. Triumph Capital Management acquired a new position in Lowe’s Companies during the third quarter valued at approximately $34,000. Finally, Guerra Advisors Inc bought a new stake in Lowe’s Companies during the third quarter worth $35,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOW. DA Davidson reaffirmed a “neutral” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, February 26th. Gordon Haskett dropped their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Argus raised their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Barclays upgraded 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 report on Wednesday, January 7th. Finally, TD Cowen lowered their target price on Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Twenty-two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $289.24.

Insider Transactions at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Performance

Shares of LOW opened at $231.44 on Monday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06. The stock has a market capitalization of $129.62 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 5.02 and a beta of 0.97. The stock has a fifty day moving average of $258.28 and a 200-day moving average of $250.68.

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

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

Lowe’s Companies Company Profile

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.