Birmingham Capital Management Co. Inc. AL Cuts Stock Holdings in Lowe’s Companies, Inc. $LOW

Birmingham Capital Management Co. Inc. AL trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 29.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,665 shares of the home improvement retailer’s stock after selling 1,125 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Lowe’s Companies were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Lowe’s Companies during the 1st quarter worth $32,000. Olistico Wealth LLC bought a new stake in shares of Lowe’s Companies during the 2nd quarter worth $33,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth $36,000. TruNorth Capital Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth $38,000. Finally, JNBA Financial Advisors raised its stake in shares of Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s 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 completion of the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Up 0.7%

LOW stock opened at $244.81 on Monday. The firm has a market capitalization of $137.30 billion, a PE ratio of 20.12, a PEG ratio of 2.27 and a beta of 0.88. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $282.70. The stock has a 50-day simple moving average of $255.21 and a two-hundred day simple moving average of $234.78.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during 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%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LOW shares. Mizuho lifted their target price on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Barclays set a $267.00 price objective on Lowe’s Companies in a research note on Thursday, August 21st. KeyCorp boosted their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Finally, Truist Financial boosted their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.91.

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.