Legal & General Group Plc Grows Stock Position in Lowe’s Companies, Inc. $LOW
by Jessica Moore · The Cerbat GemLegal & General Group Plc increased its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 0.1% in the second quarter, HoldingsChannel reports. The fund owned 3,742,455 shares of the home improvement retailer’s stock after purchasing an additional 3,795 shares during the period. Legal & General Group Plc’s holdings in Lowe’s Companies were worth $830,338,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Solstein Capital LLC boosted its stake 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 valued at $29,000 after purchasing an additional 113 shares during the period. Traub Capital Management LLC purchased a new position in shares of Lowe’s Companies in the second quarter worth $30,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC boosted its position in Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after buying an additional 97 shares during the period. Finally, Orion Capital Management LLC grew its holdings in Lowe’s Companies by 34.2% in the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock worth $46,000 after acquiring an additional 50 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.
Lowe’s Companies Trading Down 0.1%
Lowe’s Companies stock opened at $228.16 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The stock has a fifty day simple moving average of $244.06 and a two-hundred day simple moving average of $237.33. The firm has a market cap of $127.96 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.21 and a beta of 0.87.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 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 $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same period last year, the company earned $2.89 EPS. Lowe’s Companies’s revenue for the quarter was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.
Lowe’s Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio is 39.80%.
Insider Activity at Lowe’s Companies
In related news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred on 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 sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,931 shares of company stock worth $14,381,752 over the last quarter. Company insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently commented on LOW. Citigroup lowered their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday. Oppenheimer increased their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. UBS Group cut their price objective on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, KeyCorp boosted their target price 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. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.41.
Lowe’s Companies Company 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.
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