Los Angeles Capital Management LLC Purchases 153,244 Shares of Lowe’s Companies, Inc. $LOW

Los Angeles Capital Management LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 883.8% during the second quarter, Holdings Channel reports. The institutional investor owned 170,584 shares of the home improvement retailer’s stock after buying an additional 153,244 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Lowe’s Companies were worth $37,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LOW. Solstein Capital LLC grew its holdings in Lowe’s Companies by 627.8% in 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 last quarter. Olistico Wealth LLC acquired a new stake in shares of Lowe’s Companies in the 2nd quarter worth $33,000. TruNorth Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter worth $38,000. Barnes Dennig Private Wealth Management LLC grew its stake in Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. 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 three months. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Price Performance

LOW stock opened at $232.92 on Friday. The company has a market capitalization of $130.62 billion, a P/E ratio of 19.14, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is $250.65 and its 200-day simple moving average is $236.99.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were paid a $1.20 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price target on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Citigroup decreased their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Finally, Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $279.00 to $282.00 and gave the company an “outperform” rating in a report on Friday. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.00.

Lowe’s Companies 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.