Norway Savings Bank Acquires 237 Shares of Lowe’s Companies, Inc. $LOW

by · The Cerbat Gem

Norway Savings Bank increased its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.7% in the second quarter, HoldingsChannel reports. The firm owned 9,144 shares of the home improvement retailer’s stock after purchasing an additional 237 shares during the period. Norway Savings Bank’s holdings in Lowe’s Companies were worth $2,029,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOW. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth $25,000. Fairway Wealth LLC acquired a new position in shares of Lowe’s Companies during the first quarter valued at about $32,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Lowe’s Companies in the first quarter valued at about $36,000. Finally, IFS Advisors LLC increased its stake in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the business’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 transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s 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 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 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 owned by company insiders.

Lowe’s Companies Price Performance

LOW stock opened at $271.89 on Friday. The company has a 50 day simple moving average of $243.26 and a 200 day simple moving average of $231.83. The stock has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.52 and a beta of 0.87. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Analyst Ratings Changes

Several brokerages have weighed in on LOW. Robert W. Baird upped their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. KeyCorp increased their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $284.13.

Check Out Our Latest Stock Report on Lowe’s Companies

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.

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