GW Henssler & Associates Ltd. Buys Shares of 1,330 Lowe's Companies, Inc. $LOW

Key Points

• GW Henssler & Associates Ltd. purchased 1,330 shares of Lowe's Companies, Inc. for approximately $310,000, indicating strong institutional interest in the retailer.
• Lowe's reported earnings of $4.33 per share for the last quarter, exceeding analyst estimates and showing a year-over-year revenue increase of 1.6%.
• The company recently declared a quarterly dividend of $0.012, reflecting a 0.0% dividend yield, which may concern income-focused investors.

GW Henssler & Associates Ltd. bought a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,330 shares of the home improvement retailer's stock, valued at approximately $310,000.

Several other hedge funds have also modified their holdings of LOW. Wood Tarver Financial Group LLC purchased a new position in Lowe's Companies in the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new position in shares of Lowe's Companies in the 1st quarter valued at about $32,000. Orion Capital Management LLC purchased a new position in shares of Lowe's Companies in the 4th quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe's Companies in the first quarter valued at about $36,000. Finally, IFS Advisors LLC boosted its holdings in Lowe's Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after buying an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LOW shares. Guggenheim reaffirmed a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. Truist Financial raised their price objective on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Royal Bank Of Canada boosted their target price on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 21st. Barclays set a $267.00 price target on Lowe's Companies in a research report on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price objective on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 18th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $284.13.

Lowe's Companies Price Performance

NYSE LOW traded up $5.43 during trading hours on Friday, hitting $270.00. The company had a trading volume of 4,488,216 shares, compared to its average volume of 2,710,722. The firm's 50 day moving average is $237.93 and its 200 day moving average is $230.72. The company has a market capitalization of $151.42 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.41 and a beta of 0.87. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a dividend of $0.012 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is 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.