Brookwood Investment Group LLC Buys 682 Shares of Lowe’s Companies, Inc. $LOW

Brookwood Investment Group LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 63.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,760 shares of the home improvement retailer’s stock after purchasing an additional 682 shares during the quarter. Brookwood Investment Group LLC’s holdings in Lowe’s Companies were worth $390,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. boosted its position in Lowe’s Companies by 27.4% during the second quarter. First Command Advisory Services Inc. now owns 3,443 shares of the home improvement retailer’s stock worth $764,000 after purchasing an additional 740 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in Lowe’s Companies by 10.4% during the second quarter. Ashton Thomas Private Wealth LLC now owns 8,988 shares of the home improvement retailer’s stock worth $1,994,000 after purchasing an additional 845 shares during the period. Solstein Capital LLC boosted its position in Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the period. Chilton Capital Management LLC boosted its position in Lowe’s Companies by 41.2% during the second quarter. Chilton Capital Management LLC now owns 224,373 shares of the home improvement retailer’s stock worth $49,782,000 after purchasing an additional 65,457 shares during the period. Finally, Resonant Capital Advisors LLC boosted its position in Lowe’s Companies by 5.8% during the second quarter. Resonant Capital Advisors LLC now owns 12,842 shares of the home improvement retailer’s stock worth $2,849,000 after purchasing an additional 700 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $244.19 on Wednesday. The stock has a market cap of $136.95 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The stock has a fifty day moving average price of $254.26 and a 200 day moving average price of $236.02.

Lowe’s Companies (NYSE:LOW) last issued 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. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given 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 dividend payout ratio (DPR) is 39.44%.

Insider Transactions 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 completion of the transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the 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 transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 92,931 shares of company stock valued at $24,945,752 in the last ninety days. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LOW shares. Royal Bank Of Canada increased their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Monday, August 18th. Wolfe Research started coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating for the company. Finally, Robert W. Baird increased their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell 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 $282.59.

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.