Capital Asset Advisory Services LLC Boosts Stake in Lowe’s Companies, Inc. $LOW

Capital Asset Advisory Services LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 361.1% in the 1st quarter, Holdings Channel reports. The fund owned 7,429 shares of the home improvement retailer’s stock after acquiring an additional 5,818 shares during the period. Capital Asset Advisory Services LLC’s holdings in Lowe’s Companies were worth $1,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss RE Ltd. purchased a new position in Lowe’s Companies in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $27,000. OLD Second National Bank of Aurora increased its holdings in Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 42 shares during the last quarter. United Financial Planning Group LLC purchased a new stake in Lowe’s Companies during the 3rd quarter worth approximately $31,000. Finally, Sankala Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $33,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares in the company, valued at $8,828,291.50. This represents a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,980 shares of company stock worth $5,796,937 over the last quarter. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. Evercore reduced their target price on Lowe’s Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. DA Davidson restated a “neutral” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 20th. Mizuho cut their price target on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Trading Up 0.6%

LOW stock opened at $221.72 on Thursday. The stock’s 50 day simple moving average is $222.53 and its 200 day simple moving average is $244.03. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06. The firm has a market cap of $124.32 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.78 and a beta of 0.86.

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

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is currently 40.57%.

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.