Andra AP fonden Has $23.22 Million Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Andra AP fonden increased its Lowe’s stake by 14.6% in the second quarter, owning 105,313 shares valued at approximately $23.22 million. Institutional investors collectively hold 74.06% of the company’s stock.
• Lowe’s reported quarterly earnings of $4.40 per share, exceeding estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion but fell slightly short of expectations.
• The company announced a quarterly dividend of $1.25 per share, equivalent to a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $257.63, above the reported share price of $195.58.

Andra AP fonden increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,313 shares of the home improvement retailer's stock after purchasing an additional 13,400 shares during the quarter. Andra AP fonden's holdings in Lowe's Companies were worth $23,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $1,993,697,000. J. Stern & Co. LLP lifted its holdings in shares of Lowe's Companies by 7,814.9% in the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer's stock valued at $359,417,000 after purchasing an additional 1,471,539 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Lowe's Companies in the fourth quarter worth $308,683,000. Amundi grew its holdings in shares of Lowe's Companies by 57.3% during the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock valued at $637,848,000 after buying an additional 1,053,237 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Lowe's Companies by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer's stock worth $3,201,329,000 after acquiring an additional 887,579 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded up $4.60 on Tuesday, reaching $195.58. The stock had a trading volume of 1,193,506 shares, compared to its average volume of 2,921,042. The business's 50-day moving average price is $208.56 and its two-hundred day moving average price is $221.73. The stock has a market cap of $109.73 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.56 and a beta of 0.85. Lowe's Companies, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $293.06.

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

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.6%. Lowe's Companies's dividend payout ratio is presently 42.27%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. DA Davidson reaffirmed a "neutral" rating and set a $245.00 price objective on shares of Lowe's Companies in a research report on Wednesday, August 19th. Sanford C. Bernstein reduced their target price on shares of Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating for the company in a research note on Wednesday, September 9th. Guggenheim reissued a "buy" rating and issued a $275.00 target price on shares of Lowe's Companies in a research report on Monday. Finally, Weiss Ratings lowered shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.63.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.

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