Bank of New Hampshire Sells 9,380 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Bank of New Hampshire cut its Lowe’s stake by 73.7% in the third quarter, selling 9,380 shares and retaining 3,345 shares valued at approximately $616,000.
• Lowe’s shares opened at $183.79, near their 52-week low of $178.45. The stock trades at about 15.5 times earnings, while institutional investors own 74.06% of the company.
• The company exceeded quarterly EPS expectations and raised revenue 8.3% year over year, while maintaining a $1.25 quarterly dividend. Analysts collectively rate the stock a “Moderate Buy” with an average price target of $254.29.

Bank of New Hampshire lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 73.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,345 shares of the home improvement retailer's stock after selling 9,380 shares during the period. Bank of New Hampshire's holdings in Lowe's Companies were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Ridgewood Investments LLC grew its holdings in Lowe's Companies by 19.7% in the 3rd quarter. Ridgewood Investments LLC now owns 8,794 shares of the home improvement retailer's stock valued at $1,621,000 after buying an additional 1,449 shares in the last quarter. Horizons Wealth Management acquired a new position in shares of Lowe's Companies during the 3rd quarter valued at about $75,000. Baker Tilly Wealth Management LLC grew its holdings in shares of Lowe's Companies by 13.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 2,459 shares of the home improvement retailer's stock valued at $453,000 after purchasing an additional 295 shares during the period. Eastover Investment Advisors LLC grew its holdings in shares of Lowe's Companies by 2.1% in the third quarter. Eastover Investment Advisors LLC now owns 32,120 shares of the home improvement retailer's stock valued at $5,919,000 after purchasing an additional 665 shares during the period. Finally, Ferguson Wellman Capital Management Inc. increased its position in Lowe's Companies by 3.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 6,069 shares of the home improvement retailer's stock worth $1,118,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW stock opened at $183.79 on Wednesday. Lowe's Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06. The firm has a market cap of $103.12 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.50 and a beta of 0.89. The company has a 50-day moving average of $203.72 and a two-hundred day moving average of $217.14.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter last year, the company posted $4.33 EPS. The firm's quarterly 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. Sell-side analysts anticipate that Lowe's Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of Lowe's Companies in a research note on Thursday, August 20th. Evercore set a $190.00 price target on shares of Lowe's Companies in a research note on Tuesday. Royal Bank Of Canada restated a "sector perform" rating and set a $231.00 price target on shares of Lowe's Companies in a report on Thursday, August 20th. TD Cowen reaffirmed a "hold" rating and set a $235.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Finally, UBS Group decreased their price objective on Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $254.29.

Key Stories Impacting Lowe's Companies

Here are the key news stories impacting Lowe's Companies this week:

• Positive Sentiment: Sell-side brokerages rate Lowe’s “Moderate Buy,” suggesting analysts see potential upside following the stock’s recent weakness. Lowe's Companies Stock Rated Moderate Buy by Sell-Side Brokerages
• Positive Sentiment: The stock trades at roughly 15 times earnings, well below the S&P 500’s approximately 21.5 times multiple. Investors may view that discount as an attractive entry point for a major home-improvement retailer, helping support the recent rebound. Is Lowe's Stock a Real Bargain?
• Neutral Sentiment: Lowe’s was among the stocks receiving elevated attention from Zacks users. That increased visibility may have contributed to trading interest, but the report offers no new fundamental development. Lowe's Companies Is a Trending Stock
• Neutral Sentiment: Market-performance coverage highlighted Lowe’s recent outperformance during the latest session, but provided no specific catalyst beyond market activity and investor interest. Lowe's Surpasses Market Returns
• Negative Sentiment: The stock recently reached a new 52-week low, underscoring continuing concerns about weak growth, housing-market sensitivity and reduced investor confidence. Lowe's Hits New 52-Week Low
• Negative Sentiment: The valuation case remains uncertain: Lowe’s may be a bargain, but the discount could reflect expectations that the business has stopped growing. Its latest reported revenue missed estimates despite year-over-year growth. Lowe's Valuation Analysis

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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