Benin Management CORP Trims Position in Lowe’s Companies, Inc. $LOW

Benin Management CORP cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,076 shares of the home improvement retailer’s stock after selling 200 shares during the quarter. Benin Management CORP’s holdings in Lowe’s Companies were worth $1,126,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Lowe’s Companies during the first quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new position in shares of Lowe’s Companies during the second quarter valued at approximately $33,000. TruNorth Capital Management LLC purchased a new position in shares of Lowe’s Companies during the first quarter valued at approximately $38,000. JNBA Financial Advisors increased its stake in shares of Lowe’s Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares during the period. Finally, Orion Capital Management LLC increased its stake in shares of Lowe’s Companies by 34.2% during the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 50 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOW has been the topic of several research analyst reports. Mizuho boosted their target price on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. KeyCorp upped their price target on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. UBS Group upped their price target on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Piper Sandler upped their price target on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada upped their price target on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $282.91.

Lowe’s Companies Trading Up 1.3%

Lowe’s Companies stock opened at $245.42 on Wednesday. The business’s fifty day simple moving average is $255.27 and its two-hundred day simple moving average is $234.99. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The company has a market capitalization of $137.64 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the previous year, the company posted $4.10 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is 39.44%.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by insiders.

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.