Allen Mooney & Barnes Investment Advisors LLC Buys 1,037 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Allen Mooney & Barnes Investment Advisors LLC increased its stake in Lowe's Companies, Inc. by 1.6% during the second quarter, acquiring an additional 1,037 shares and bringing its total holdings to 64,910 shares worth approximately $14.4 million.
• Several large institutional investors recently initiated or increased stakes in Lowe's, with institutional ownership now at 74.06% of the stock.
• Truist Financial raised its target price for Lowe's Companies from $264 to $283, contributing to a consensus rating of "Moderate Buy" with an average target price of about $284.13.

Allen Mooney & Barnes Investment Advisors LLC raised its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,910 shares of the home improvement retailer's stock after acquiring an additional 1,037 shares during the period. Lowe's Companies comprises about 2.4% of Allen Mooney & Barnes Investment Advisors LLC's investment portfolio, making the stock its 14th largest position. Allen Mooney & Barnes Investment Advisors LLC's holdings in Lowe's Companies were worth $14,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in Lowe's Companies in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new stake in shares of Lowe's Companies during the first quarter worth $32,000. Orion Capital Management LLC bought a new stake in shares of Lowe's Companies during the fourth quarter worth $36,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe's Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC grew its holdings in shares of 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 purchasing an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company's stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Truist Financial increased their target price on Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Royal Bank Of Canada increased their target price on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a report on Thursday, August 21st. KeyCorp increased their target price on Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Piper Sandler increased their target price on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Mizuho upped their price target on Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $284.13.

Lowe's Companies Stock Down 0.2%

Shares of LOW opened at $271.89 on Monday. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The firm has a market capitalization of $152.48 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. The stock's fifty day simple moving average is $243.26 and its 200-day simple moving average is $231.63.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter in the prior year, the firm posted $4.10 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe's Companies's dividend payout ratio is presently 39.44%.

About Lowe's Companies

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.

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