Arvest Bank Trust Division Reduces Holdings in Lowe’s Companies, Inc. $LOW

Arvest Bank Trust Division reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 46,238 shares of the home improvement retailer’s stock after selling 2,633 shares during the quarter. Arvest Bank Trust Division’s holdings in Lowe’s Companies were worth $10,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOW. Swiss RE Ltd. acquired a new stake in Lowe’s Companies during the 4th quarter worth $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $27,000. OLD Second National Bank of Aurora lifted its stake in shares of Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares during the period. Sankala Group LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at about $33,000. Finally, Triumph Capital Management purchased a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $34,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LOW. William Blair started coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating on the stock. Oppenheimer lowered their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada dropped their price target on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research report on Thursday, May 21st. Citigroup upgraded Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a research report on Tuesday, May 12th. Finally, Gordon Haskett reduced their price objective on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Trading Down 0.5%

Shares of Lowe’s Companies stock opened at $203.62 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $201.88 and a twelve month high of $293.06. The stock has a market cap of $114.17 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.58 and a beta of 0.86. The company has a fifty day moving average price of $216.19 and a 200 day moving average price of $241.02.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the business earned $2.92 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the transaction, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the sale, the executive vice president directly owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 in the last ninety days. Insiders own 0.29% of the company’s stock.

Lowe’s Companies 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.