Lowe’s Companies, Inc. $LOW Shares Purchased by Westwood Holdings Group Inc.

by · The Cerbat Gem

Westwood Holdings Group Inc. boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,206 shares of the home improvement retailer’s stock after purchasing an additional 5,836 shares during the period. Westwood Holdings Group Inc.’s holdings in Lowe’s Companies were worth $16,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC raised its position in 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 acquiring an additional 465 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Lowe’s Companies by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock worth $34,322,000 after purchasing an additional 3,947 shares during the period. Strathmore Capital Advisors Inc. purchased a new position in shares of Lowe’s Companies during the 2nd quarter valued at approximately $2,717,000. First Pacific Financial lifted its stake in shares of Lowe’s Companies by 147.3% in the 2nd quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after purchasing an additional 1,639 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in Lowe’s Companies by 0.7% during the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock worth $183,344,000 after buying an additional 5,820 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.4%

LOW stock opened at $247.20 on Monday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $274.98. The business’s 50-day moving average is $238.74 and its 200 day moving average is $239.28. The stock has a market cap of $138.67 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW – Get Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same period in the previous year, the company posted $2.89 earnings per share. The business’s revenue 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. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Argus dropped their price target on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Lowe’s Companies in a research note on Wednesday. Piper Sandler upped their price target on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Wolfe Research dropped their price objective on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Finally, Barclays set a $267.00 price objective on Lowe’s Companies in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $275.92.

View 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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