CX Institutional Acquires 3,410 Shares of Lowe's Companies, Inc. $LOW

Key Points

• CX Institutional increased its stake in Lowe's Companies by 15.3%, holding 25,758 shares worth approximately $5.7 million after acquiring 3,410 additional shares in Q2.
• Several large investors made significant changes to their positions in Lowe's, with Nuveen LLC acquiring a new stake valued at $681 million and Pacer Advisors Inc. lifting its stake by 2,984.6%.
• Lowe's Companies reported $4.33 EPS in its latest quarterly earnings, exceeding analysts' expectations, while also adjusting its FY 2025 guidance to 12.200-12.450 EPS.

CX Institutional boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,758 shares of the home improvement retailer's stock after buying an additional 3,410 shares during the period. CX Institutional's holdings in Lowe's Companies were worth $5,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue raised its position in Lowe's Companies by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after buying an additional 1,470 shares during the last quarter. Larson Financial Group LLC grew its position in Lowe's Companies by 8.1% in the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock worth $3,860,000 after purchasing an additional 1,242 shares in the last quarter. Advent Capital Management DE increased its stake in Lowe's Companies by 20.0% in the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer's stock valued at $4,198,000 after buying an additional 3,000 shares during the last quarter. Cornerstone Wealth Group LLC lifted its position in shares of Lowe's Companies by 12.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock worth $6,848,000 after buying an additional 3,295 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its stake in shares of Lowe's Companies by 2.3% in the 1st quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer's stock worth $12,945,000 after buying an additional 1,251 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Performance

LOW traded down $4.34 during trading on Monday, reaching $260.86. The stock had a trading volume of 3,435,258 shares, compared to its average volume of 2,720,392. The business has a 50-day moving average of $247.63 and a 200-day moving average of $232.50. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The stock has a market cap of $146.30 billion, a PE ratio of 21.43, a PEG ratio of 2.45 and a beta of 0.87.

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 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 analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe's Companies's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts 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 given a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LOW. KeyCorp increased their price target on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Mizuho lifted their target price on Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised their price objective on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Robert W. Baird boosted their target price on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $285.08.

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.