Assenagon Asset Management S.A. Has $58.17 Million Stock Position in Lowe’s Companies, Inc. $LOW

Assenagon Asset Management S.A. grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 656.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,213 shares of the home improvement retailer’s stock after buying an additional 209,315 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Lowe’s Companies were worth $58,171,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Lowe’s Companies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock valued at $13,898,992,000 after acquiring an additional 329,807 shares in the last quarter. State Street Corp increased its holdings in Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares in the last quarter. Norges Bank acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $1,773,624,000. Northern Trust Corp raised its stake in shares of Lowe’s Companies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after purchasing an additional 103,827 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Lowe’s Companies by 5.2% in the third quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock valued at $1,213,921,000 after purchasing an additional 240,123 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $234.51 on Wednesday. The stock has a 50 day moving average price of $264.97 and a 200 day moving average price of $252.75. The stock has a market capitalization of $131.55 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 5.09 and a beta of 0.98. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.04. The firm had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is 40.51%.

Analyst Ratings Changes

LOW has been the subject of several recent research reports. Morgan Stanley upped their price objective on Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Jefferies Financial Group restated a “buy” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 25th. Evercore reduced their price target on Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. UBS Group decreased their price target on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Mizuho boosted their price objective on shares of Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Twenty-one research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $289.76.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.