Banco Bilbao Vizcaya Argentaria S.A. Grows Holdings in Lowe's Companies, Inc. $LOW

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,836 shares of the home improvement retailer's stock after buying an additional 7,623 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Lowe's Companies were worth $38,221,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LOW. Wood Tarver Financial Group LLC acquired a new position in Lowe's Companies in the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Lowe's Companies in the first quarter valued at $32,000. Orion Capital Management LLC acquired a new position in Lowe's Companies in the fourth quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in Lowe's Companies in the first quarter valued at $36,000. Finally, IFS Advisors LLC boosted its stake in Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president owned 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LOW. Piper Sandler increased their target price on shares of Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research note on Thursday. Wells Fargo & Company increased their price target on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays increased their price target on shares of Lowe's Companies from $245.00 to $277.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group increased their price target on shares of Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday. Finally, KeyCorp increased their target price on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $284.33.

Lowe's Companies Stock Performance

NYSE LOW traded up $7.9280 during mid-day trading on Friday, reaching $263.5780. 3,795,959 shares of the stock were exchanged, compared to its average volume of 3,175,845. The stock has a market capitalization of $147.72 billion, a PE ratio of 21.66, a PEG ratio of 2.41 and a beta of 0.89. The business's fifty day simple moving average is $230.09 and its 200 day simple moving average is $230.39. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates 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 business earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is presently 39.77%.

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.