Aptus Capital Advisors LLC Buys 5,475 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Aptus Capital Advisors increased its stake in Lowe’s by 4.0% in the fourth quarter, buying 5,475 additional shares and bringing its total holdings to 143,084 shares worth about $34.5 million.
• Lowe’s reported better-than-expected quarterly results, with EPS of $3.03 versus estimates of $2.97 and revenue of $23.08 billion, up 10.3% year over year.
• The company also raised its quarterly dividend to $1.25 per share from $1.20, giving it an annualized payout of $5.00 and a yield of about 2.3%.

Aptus Capital Advisors LLC grew its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,084 shares of the home improvement retailer's stock after acquiring an additional 5,475 shares during the quarter. Aptus Capital Advisors LLC's holdings in Lowe's Companies were worth $34,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LOW. Brighton Jones LLC increased its stake in shares of Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after acquiring an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after acquiring an additional 259 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Lowe's Companies by 22.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer's stock valued at $340,000 after acquiring an additional 280 shares during the last quarter. United Bank increased its stake in shares of Lowe's Companies by 1.3% in the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer's stock valued at $2,690,000 after acquiring an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its position in shares of Lowe's Companies by 13.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer's stock valued at $528,000 after purchasing an additional 275 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Performance

Shares of LOW opened at $220.57 on Friday. Lowe's Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The stock has a 50 day simple moving average of $228.38 and a 200 day simple moving average of $246.14. The firm has a market capitalization of $123.67 billion, a PE ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.06. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the firm posted $2.92 EPS. The business's revenue was up 10.3% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts predict that Lowe's Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Lowe's Companies's payout ratio is currently 40.57%.

Wall Street Analyst Weigh In

LOW has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on Lowe's Companies from $260.00 to $255.00 and set an "overweight" rating for the company in a research report on Thursday, May 21st. Raymond James Financial lowered Lowe's Companies from a "market perform" rating to a "market perform" rating in a research report on Tuesday, May 12th. Oppenheimer decreased their price objective on Lowe's Companies from $315.00 to $275.00 and set an "outperform" rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group decreased their price objective on Lowe's Companies from $300.00 to $293.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Finally, Bank of America decreased their price objective on Lowe's Companies from $260.00 to $257.00 and set a "neutral" rating for the company in a research report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus price target of $264.57.

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.

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