225,211 Lowe's Companies, Inc. $LOW Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 125.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,213 shares of the home improvement retailer's stock after acquiring an additional 225,211 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of Lowe's Companies worth $74,492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Summit Financial Wealth Advisors LLC lifted its stake in Lowe's Companies by 39.2% during the third quarter. Summit Financial Wealth Advisors LLC now owns 1,360 shares of the home improvement retailer's stock worth $251,000 after purchasing an additional 383 shares during the last quarter. Chiron Capital Management LLC purchased a new stake in shares of Lowe's Companies during the 3rd quarter worth approximately $479,000. Nvwm LLC raised its stake in Lowe's Companies by 3.2% during the 3rd quarter. Nvwm LLC now owns 3,035 shares of the home improvement retailer's stock worth $559,000 after acquiring an additional 94 shares in the last quarter. Viking Fund Management LLC lifted its position in Lowe's Companies by 30.0% in the third quarter. Viking Fund Management LLC now owns 13,000 shares of the home improvement retailer's stock valued at $2,396,000 after acquiring an additional 3,000 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its position in Lowe's Companies by 60.8% in the third quarter. ZWJ Investment Counsel Inc. now owns 7,072 shares of the home improvement retailer's stock valued at $1,303,000 after acquiring an additional 2,674 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. Morgan Stanley restated an "overweight" rating on shares of Lowe's Companies in a research note on Thursday, August 20th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $231.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. Sanford C. Bernstein reduced their target price on Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating for the company in a report on Wednesday, September 9th. Citigroup dropped their price target on Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $245.00 price target on shares of Lowe's Companies in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $254.29.

Lowe's Companies Stock Performance

Shares of NYSE LOW opened at $197.22 on Friday. The firm has a market cap of $110.65 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89. Lowe's Companies, Inc. has a 1 year low of $178.45 and a 1 year high of $293.06. The firm's 50 day moving average price is $199.44 and its 200 day moving average price is $214.83.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $4.33 EPS. Lowe's Companies's revenue was up 8.3% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts predict that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

About Lowe's Companies

Lowe's Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

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