Legal & General Group Plc Purchases 3,795 Shares of Lowe’s Companies, Inc. $LOW

Legal & General Group Plc raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,742,455 shares of the home improvement retailer’s stock after purchasing an additional 3,795 shares during the quarter. Legal & General Group Plc owned 0.67% of Lowe’s Companies worth $830,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LOW. SeaBridge Investment Advisors LLC increased its holdings in Lowe’s Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after purchasing an additional 465 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Lowe’s Companies by 2.6% during the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after buying an additional 3,947 shares during the last quarter. Advent Capital Management DE boosted its position in shares of Lowe’s Companies by 20.0% during the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after buying an additional 3,000 shares during the last quarter. Strathmore Capital Advisors Inc. bought a new stake in Lowe’s Companies during the second quarter worth $2,717,000. Finally, First Pacific Financial raised its position in Lowe’s Companies by 147.3% in the 2nd quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after buying an additional 1,639 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LOW. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. UBS Group lowered their target price on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America dropped their price objective on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday. Robert W. Baird cut their target price on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $276.41.

Lowe’s Companies Trading Down 0.1%

Shares of NYSE LOW opened at $228.16 on Friday. The business has a 50-day moving average of $244.06 and a 200-day moving average of $237.33. The firm has a market capitalization of $127.96 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,931 shares of company stock worth $14,381,752 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

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.