Lowe’s Companies, Inc. $LOW Stake Boosted by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 96.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,409 shares of the home improvement retailer’s stock after buying an additional 155,001 shares during the period. Acadian Asset Management LLC owned 0.06% of Lowe’s Companies worth $69,972,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. SeaBridge Investment Advisors LLC increased its position in Lowe’s Companies by 3.7% in the 2nd 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. Larson Financial Group LLC grew its holdings in Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after purchasing an additional 1,242 shares during the period. Advent Capital Management DE increased its holdings in shares of Lowe’s Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after acquiring an additional 3,000 shares in the last quarter. Strathmore Capital Advisors Inc. acquired a new stake in shares of Lowe’s Companies during the second quarter worth $2,717,000. Finally, First Pacific Financial raised its position in 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 buying an additional 1,639 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Truist Financial lowered their target price on shares of Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus boosted their price target on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. UBS Group lifted their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, DA Davidson lifted their target price 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. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on 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 sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction 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 owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 0.7%

LOW stock opened at $232.92 on Monday. The stock has a market cap of $130.62 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.21 and a beta of 0.87. The stock’s fifty day simple moving average is $250.65 and its two-hundred day simple moving average is $237.13. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

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.