Berkshire Asset Management LLC PA Grows Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

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Berkshire Asset Management LLC PA increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,120 shares of the home improvement retailer's stock after buying an additional 3,357 shares during the quarter. Lowe's Companies accounts for about 1.6% of Berkshire Asset Management LLC PA's investment portfolio, making the stock its 28th largest position. Berkshire Asset Management LLC PA's holdings in Lowe's Companies were worth $34,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC bought a new position in Lowe's Companies in the 4th quarter valued at $25,000. Fairway Wealth LLC bought a new position in Lowe's Companies in the 1st quarter valued at $32,000. Orion Capital Management LLC bought a new position in Lowe's Companies in the 4th quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in Lowe's Companies in the 1st quarter valued at $36,000. Finally, IFS Advisors LLC raised its position in Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Insider Activity

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

Analysts Set New Price Targets

Several research firms have recently commented on LOW. Gordon Haskett raised Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Truist Financial lifted their target price on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday. Citigroup lowered their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Piper Sandler lifted their target price on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Robert W. Baird lifted their target price on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $284.33.

Lowe's Companies Price Performance

NYSE:LOW traded up $7.9280 during trading hours on Friday, reaching $263.5780. 3,795,959 shares of the company were exchanged, compared to its average volume of 3,175,845. The company has a market capitalization of $147.72 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.41 and a beta of 0.89. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The business has a 50 day moving average of $230.09 and a 200 day moving average of $230.39.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its 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. 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 the consensus estimate of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. The company's revenue was up 1.6% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

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