GC Wealth Management RIA LLC Buys 3,079 Shares of Lowe's Companies, Inc. $LOW

Key Points

• GC Wealth Management RIA LLC increased its stake in Lowe's Companies by 66.4%, acquiring an additional 3,079 shares, bringing its total holdings to 7,715 shares valued at approximately $1.71 million.
• Several institutional investors made significant investments in Lowe's, including Nuveen LLC, which purchased a position worth $681.2 million, indicating strong institutional interest in the stock.
• Lowe's announced a quarterly dividend of $1.20 per share, with a dividend yield of 1.9%, and set its FY 2025 earnings guidance at $12.200-$12.450 per share.

GC Wealth Management RIA LLC boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 66.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,715 shares of the home improvement retailer's stock after acquiring an additional 3,079 shares during the period. GC Wealth Management RIA LLC's holdings in Lowe's Companies were worth $1,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Lowe's Companies in the first quarter worth $681,215,000. Pacer Advisors Inc. lifted its position in Lowe's Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock worth $475,339,000 after purchasing an additional 1,971,996 shares during the period. Assenagon Asset Management S.A. grew its stake in Lowe's Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock worth $172,527,000 after buying an additional 675,318 shares in the last quarter. Wellington Management Group LLP grew its stake in Lowe's Companies by 49.0% during the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer's stock worth $438,751,000 after buying an additional 618,775 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Lowe's Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock valued at $1,214,448,000 after buying an additional 501,154 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 66,566 shares of the company's stock, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on LOW shares. Oppenheimer upped their price target on shares of Lowe's Companies from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. Stifel Nicolaus upped their target price on Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research note on Monday, August 18th. Royal Bank Of Canada raised their target price on Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, August 21st. Citigroup decreased their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Sixteen 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $285.50.

Lowe's Companies Trading Down 1.5%

Shares of LOW stock opened at $253.35 on Tuesday. The firm has a market capitalization of $142.09 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.38 and a beta of 0.87. The business's 50-day moving average price is $252.25 and its 200-day moving average price is $233.55. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $23.99 billion. During the same period last year, the company earned $4.10 EPS. The firm'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. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 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 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is currently 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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