Absher Wealth Management LLC Acquires 3,020 Shares of Lowe’s Companies, Inc. $LOW

Absher Wealth Management LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,593 shares of the home improvement retailer’s stock after purchasing an additional 3,020 shares during the period. Lowe’s Companies makes up approximately 0.4% of Absher Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Absher Wealth Management LLC’s holdings in Lowe’s Companies were worth $3,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its position in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $31,000. OLD Second National Bank of Aurora increased its position in shares of Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Triumph Capital Management purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $34,000. Finally, Guerra Advisors Inc bought a new stake in Lowe’s Companies in the 3rd quarter worth approximately $35,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.5%

Shares of Lowe’s Companies stock opened at $246.52 on Friday. The company’s fifty day simple moving average is $249.72 and its two-hundred day simple moving average is $249.71. Lowe’s Companies, Inc. has a 12-month low of $210.33 and a 12-month high of $293.06. The firm has a market cap of $138.07 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 5.33 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The firm had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.61 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is 40.51%.

Analyst Ratings Changes

LOW has been the subject of a number of recent research reports. Barclays upgraded shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective for the company in a report on Wednesday, January 7th. Wells Fargo & Company lifted their target price on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their price target on shares of Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Piper Sandler restated an “overweight” rating and set a $300.00 price target (up from $294.00) on shares of Lowe’s Companies in a research report on Thursday, February 26th. Finally, Citigroup raised their price objective on Lowe’s Companies from $250.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $289.24.

Lowe’s Companies Company 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.