Lowe’s Companies, Inc. $LOW Position Raised by Brucke Financial Inc.

Brucke Financial Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 18.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,488 shares of the home improvement retailer’s stock after purchasing an additional 379 shares during the quarter. Brucke Financial Inc.’s holdings in Lowe’s Companies were worth $552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SeaBridge Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after purchasing an additional 465 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Lowe’s Companies by 1.2% during the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock valued at $29,223,000 after purchasing an additional 1,470 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after purchasing an additional 1,242 shares in the last quarter. Advent Capital Management DE raised its stake 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 purchasing an additional 3,000 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its stake in shares of Lowe’s Companies by 12.6% during the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock valued at $6,848,000 after purchasing an additional 3,295 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LOW. Evercore ISI lowered their target price on Lowe’s Companies from $275.00 to $250.00 and set an “in-line” rating on the stock in a report on Tuesday. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Piper Sandler lifted their target price on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Mizuho lifted their target price on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.13.

Check Out Our Latest Stock Report on Lowe’s Companies

Lowe’s Companies Trading Down 1.0%

Shares of LOW opened at $232.28 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The business’s 50-day moving average price is $254.92 and its 200 day moving average price is $234.38. The stock has a market capitalization of $130.27 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.17 and a beta of 0.88.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its earnings results 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 company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the previous year, the business posted $4.10 EPS. The business’s revenue for the quarter 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. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is 39.44%.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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