Armor Investment Advisors LLC Has $1.89 Million Holdings in Lowe’s Companies, Inc. $LOW

Armor Investment Advisors LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,504 shares of the home improvement retailer’s stock after selling 1,436 shares during the period. Armor Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Associated Banc Corp increased its stake in shares of Lowe’s Companies by 0.6% during the 2nd quarter. Associated Banc Corp now owns 150,851 shares of the home improvement retailer’s stock worth $33,469,000 after purchasing an additional 831 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Lowe’s Companies by 12.4% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 54,724 shares of the home improvement retailer’s stock valued at $12,142,000 after purchasing an additional 6,053 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in Lowe’s Companies by 22,167.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after purchasing an additional 1,027,683 shares during the period. RiverFront Investment Group LLC increased its position in Lowe’s Companies by 24.8% during the second quarter. RiverFront Investment Group LLC now owns 2,643 shares of the home improvement retailer’s stock worth $586,000 after buying an additional 526 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Lowe’s Companies during the second quarter worth approximately $1,741,000. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on LOW. JPMorgan Chase & Co. raised their price objective on Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Robert W. Baird cut their target price on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Citigroup cut their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $274.75.

Insiders Place Their Bets

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction on Friday, September 5th. The shares were 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. This trade represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Stock Down 2.3%

Shares of Lowe’s Companies stock opened at $228.82 on Tuesday. The stock has a market cap of $128.33 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The company’s fifty day moving average is $242.44 and its 200 day moving average is $237.62.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders 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 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is 39.80%.

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.