Level Four Advisory Services LLC Purchases 1,744 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Level Four Advisory Services LLC increased its holdings in Lowe's Companies, Inc. by 5.5%, now owning 33,258 shares valued at approximately $7.76 million.
• In the most recent quarter, Lowe's reported $2.92 EPS, surpassing analysts' estimates but experiencing a 2% decrease in revenue year-over-year.
• Lowe's announced a quarterly dividend increase to $1.20 per share, reflecting an annualized dividend yield of 1.9%.

Level Four Advisory Services LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,258 shares of the home improvement retailer's stock after purchasing an additional 1,744 shares during the period. Level Four Advisory Services LLC's holdings in Lowe's Companies were worth $7,757,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Wood Tarver Financial Group LLC purchased a new position in Lowe's Companies during the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new position in Lowe's Companies during the first quarter worth $32,000. Orion Capital Management LLC purchased a new position in Lowe's Companies during the fourth quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in Lowe's Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC boosted its stake in Lowe's Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after buying an additional 60 shares during the period. Institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares of the company's stock, valued at $7,256,795. This represents a 3.42% 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, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LOW shares. Robert W. Baird lifted their price objective on shares of Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday. DA Davidson lifted their price objective 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. Morgan Stanley lowered their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Mizuho reissued an "outperform" rating and set a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $284.33.

Lowe's Companies Trading Up 3.1%

Shares of LOW traded up $7.9280 during trading hours on Friday, reaching $263.5780. 3,795,959 shares of the company traded hands, compared to its average volume of 3,175,845. The firm has a market cap of $147.72 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.41 and a beta of 0.89. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock's fifty day moving average price is $230.09 and its 200 day moving average price is $230.39.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share 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 company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period in the prior year, the firm earned $4.10 earnings per share. The firm'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, research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe's Companies's payout ratio is currently 39.77%.

Lowe's Companies Company 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.