Ascent Group LLC Has $3.43 Million Stock Position in Lowe’s Companies, Inc. $LOW

Ascent Group LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,239 shares of the home improvement retailer’s stock after acquiring an additional 2,281 shares during the period. Ascent Group LLC’s holdings in Lowe’s Companies were worth $3,434,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management grew its position in shares of Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $27,000. United Financial Planning Group LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $31,000. Triumph Capital Management acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $34,000. Finally, Guerra Advisors Inc bought a new position in Lowe’s Companies during the third quarter worth about $35,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

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

Lowe’s Companies Trading Up 0.2%

Shares of NYSE LOW opened at $231.44 on Monday. The firm has a market cap of $129.62 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 5.02 and a beta of 0.97. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $293.06. The business’s 50 day moving average is $258.28 and its 200-day moving average is $250.68.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current 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 of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s payout ratio is currently 40.51%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LOW shares. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Gordon Haskett cut their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company lifted their target price on Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Sanford C. Bernstein dropped their price target on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Finally, Rothschild & Co Redburn raised their price target on Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $289.24.

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.