Capital Management Corp VA Acquires 11,299 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Capital Management Corp VA increased its Lowe’s stake by 18.5% in the third quarter, purchasing 11,299 shares to reach 72,223 shares valued at approximately $13.31 million.
• Institutional ownership remains high at 74.06%, with major investors including BlackRock, State Street and Amundi also increasing their positions.
• Analysts maintain a generally positive outlook, with Lowe’s carrying a “Moderate Buy” consensus rating and an average price target of $253.48; the company also reported quarterly EPS of $4.40 and declared a $1.25 quarterly dividend.

Capital Management Corp VA boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 18.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,223 shares of the home improvement retailer's stock after buying an additional 11,299 shares during the quarter. Lowe's Companies makes up about 2.0% of Capital Management Corp VA's holdings, making the stock its 20th biggest position. Capital Management Corp VA's holdings in Lowe's Companies were worth $13,310,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Lowe's Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock valued at $8,939,928,000 after purchasing an additional 714,092 shares during the last quarter. State Street Corp raised its stake in shares of Lowe's Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer's stock valued at $5,584,873,000 after purchasing an additional 880,815 shares during the period. Bank of New York Mellon Corp lifted its holdings in Lowe's Companies by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer's stock worth $956,371,000 after buying an additional 201,803 shares in the last quarter. Amundi boosted its holdings in Lowe's Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock valued at $637,848,000 after purchasing an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Lowe's Companies by 7.1% during the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer's stock worth $388,992,000 after buying an additional 109,520 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Melius Research set a $244.00 price objective on Lowe's Companies in a research note on Tuesday, October 6th. Evercore set a $190.00 price target on Lowe's Companies in a research report on Tuesday, October 6th. KeyCorp reissued an "overweight" rating and set a $275.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. Stifel Nicolaus reduced their price target on shares of Lowe's Companies from $220.00 to $195.00 and set a "hold" rating for the company in a research report on Monday, October 26th. Finally, Truist Financial dropped their target price on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $253.48.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock opened at $218.00 on Tuesday. The firm has a market capitalization of $122.31 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The company's fifty day moving average price is $196.26 and its two-hundred day moving average price is $226.15. Lowe's Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $26.13 billion. During the same period last year, the firm 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. Analysts predict that Lowe's Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.3%. Lowe's Companies's dividend payout ratio is presently 42.27%.

About Lowe's Companies

Lowe's Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

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

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