Lowe’s Companies, Inc. $LOW Shares Sold by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,191 shares of the home improvement retailer’s stock after selling 7,215 shares during the period. Lowe’s Companies makes up about 2.7% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 21st largest holding. Cambridge Financial Group Inc.’s holdings in Lowe’s Companies were worth $5,367,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Wolfe Research started coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. DA Davidson lifted their price objective 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, Evercore ISI cut their target price on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $282.00.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were 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 directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $232.92 on Monday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The business’s 50-day moving average price is $250.65 and its two-hundred day moving average price is $237.13. 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 (NYSE:LOW) last posted its quarterly earnings results 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 company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

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