Foster Group Inc. Sells 53 Shares of Lowe’s Companies, Inc. $LOW

Foster Group Inc. reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,873 shares of the home improvement retailer’s stock after selling 53 shares during the period. Foster Group Inc.’s holdings in Lowe’s Companies were worth $415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Lowe’s Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock worth $29,223,000 after purchasing an additional 1,470 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Lowe’s Companies by 8.1% in the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock worth $3,860,000 after buying an additional 1,242 shares during the last quarter. Advent Capital Management DE raised its position in shares of Lowe’s Companies by 20.0% during the 1st 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 in the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of Lowe’s Companies by 12.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock worth $6,848,000 after acquiring an additional 3,295 shares during the last quarter. Finally, Community Trust & Investment Co. lifted its holdings in shares of Lowe’s Companies by 2.3% during the 1st quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer’s stock worth $12,945,000 after acquiring an additional 1,251 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The shares were 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 approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last ninety days. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. UBS Group increased their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Citigroup decreased their price objective on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. DA Davidson boosted their target price on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Sanford C. Bernstein increased their price target on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research note on Monday, August 18th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.88.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $260.86 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The stock has a market capitalization of $146.30 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.45 and a beta of 0.87. The company’s 50-day moving average is $248.40 and its 200 day moving average is $232.62.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating 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 analysts’ expectations of $23.99 billion. During the same period in the previous year, the firm posted $4.10 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $0.012 dividend. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

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.