Lowe's Companies, Inc. $LOW Shares Sold by First Financial Bankshares Inc

Key Points

• First Financial Bankshares Inc drastically reduced its holdings in Lowe's Companies by 97.0%, selling 61,908 shares and now owning only 1,909 shares valued at approximately $445,000.
• Several hedge funds, including Vanguard Group and Invesco Ltd., have increased their positions in Lowe's, indicating confidence in the company, with institutional investors owning 74.06% of its stock.
• Lowe's Companies has received positive ratings from multiple analysts, with price targets ranging from $260.00 to $305.00, and currently holds a consensus rating of "Moderate Buy" with a target price of $284.13.

First Financial Bankshares Inc cut its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 97.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,909 shares of the home improvement retailer's stock after selling 61,908 shares during the quarter. First Financial Bankshares Inc's holdings in Lowe's Companies were worth $445,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of Lowe's Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock worth $29,223,000 after purchasing an additional 1,470 shares during the period. Larson Financial Group LLC lifted its stake in Lowe's Companies by 8.1% in the first 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 during the last quarter. Advent Capital Management DE boosted its position in shares of Lowe's Companies by 20.0% during the first 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 period. Cornerstone Wealth Group LLC grew its stake in shares of Lowe's Companies by 12.6% during the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock valued at $6,848,000 after buying an additional 3,295 shares during the last quarter. Finally, Community Trust & Investment Co. grew its stake in shares of Lowe's Companies by 2.3% during the first quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer's stock valued at $12,945,000 after buying an additional 1,251 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies 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 completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LOW has been the subject of a number of recent analyst reports. Barclays set a $267.00 price objective on Lowe's Companies in a report on Thursday, August 21st. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Guggenheim reaffirmed a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Mizuho lifted their price objective on shares of Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, DA Davidson upped their target price on shares of Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $284.13.

Lowe's Companies Stock Up 2.1%

NYSE:LOW traded up $5.43 during mid-day trading on Friday, reaching $270.00. The company's stock had a trading volume of 4,488,216 shares, compared to its average volume of 2,710,722. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The stock has a fifty day moving average of $237.93 and a 200-day moving average of $230.72. The firm has a market capitalization of $151.42 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate 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 business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same quarter in the previous year, the business posted $4.10 EPS. The company's quarterly 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. On average, analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a yield of 0.0%. 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.