Broadway Wealth Solutions Inc. Buys 51 Shares of Lowe’s Companies, Inc. $LOW

Broadway Wealth Solutions Inc. grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,313 shares of the home improvement retailer’s stock after acquiring an additional 51 shares during the period. Broadway Wealth Solutions Inc.’s holdings in Lowe’s Companies were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LOW. Brighton Jones LLC raised its position in shares of Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares during the period. Merit Financial Group LLC raised its position in shares of Lowe’s Companies by 39.3% in the first quarter. Merit Financial Group LLC now owns 26,873 shares of the home improvement retailer’s stock valued at $6,268,000 after purchasing an additional 7,580 shares during the period. Fulton Bank N.A. raised its position in shares of Lowe’s Companies by 5.4% in the first quarter. Fulton Bank N.A. now owns 17,564 shares of the home improvement retailer’s stock valued at $4,096,000 after purchasing an additional 906 shares during the period. Finally, RFG Advisory LLC increased its position in Lowe’s Companies by 1.4% during the first quarter. RFG Advisory LLC now owns 9,929 shares of the home improvement retailer’s stock worth $2,316,000 after acquiring an additional 140 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Truist Financial raised their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. DA Davidson raised their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Finally, Barclays set a $267.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $285.50.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction that occurred 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 sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Down 0.8%

Shares of LOW stock opened at $251.20 on Wednesday. The firm has a market capitalization of $140.88 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.34 and a beta of 0.87. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The stock’s fifty day simple moving average is $252.74 and its 200 day simple moving average is $233.68.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm 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 dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 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.