Capital Management Corp VA Boosts Stake in Lowe's Companies, Inc. $LOW

Key Points

• Capital Management Corp VA increased its stake in Lowe's Companies, Inc. by 6.7% in the second quarter, now holding 36,103 shares valued at approximately $8.01 million.
• In September, insider sales included EVP Joseph Michael Mcfarland selling 43,810 shares, resulting in a 39.69% decrease in his ownership, which raised concerns among investors.
• Research analysts maintain a positive outlook on Lowe's, with a consensus target price of $282.91 and most analysts rating the stock as a "Moderate Buy."

Capital Management Corp VA increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,103 shares of the home improvement retailer's stock after purchasing an additional 2,272 shares during the quarter. Capital Management Corp VA's holdings in Lowe's Companies were worth $8,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Vertex Planning Partners LLC lifted its position in Lowe's Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock valued at $369,000 after purchasing an additional 44 shares during the period. Quadcap Wealth Management LLC lifted its holdings in shares of Lowe's Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock valued at $2,189,000 after buying an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Lowe's Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after buying an additional 47 shares during the period. Appleton Partners Inc. MA boosted its stake in shares of Lowe's Companies by 1.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer's stock worth $713,000 after buying an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC grew its holdings in shares of Lowe's Companies by 5.9% in the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after acquiring an additional 48 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe's Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company's stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays set a $267.00 target price on Lowe's Companies in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Robert W. Baird raised their price objective on shares of Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Truist Financial increased their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Piper Sandler boosted their price objective on shares of Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $282.91.

Lowe's Companies Price Performance

Shares of NYSE:LOW opened at $240.86 on Wednesday. The company has a market capitalization of $135.08 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.17 and a beta of 0.88. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The firm's 50 day simple moving average is $254.98 and its two-hundred day simple moving average is $234.50.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. During the same period in the prior year, the company posted $4.10 earnings per share. The company's revenue for the quarter 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. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is 39.44%.

Lowe's Companies Profile

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.

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