Texas Bank & Trust Co Has $3.66 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Texas Bank & Trust Co increased its holdings in Lowe's Companies, Inc. by 9.1% during the first quarter, now owning 15,710 shares valued at approximately $3.66 million.
• Lowe's reported earnings of $4.33 per share for the last quarter, surpassing analyst expectations of $4.24, with a modest 1.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.012 per share, reflecting a 39.44% dividend payout ratio and a yield of 0.0%.

Texas Bank & Trust Co raised its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,710 shares of the home improvement retailer's stock after buying an additional 1,312 shares during the period. Lowe's Companies comprises approximately 1.6% of Texas Bank & Trust Co's investment portfolio, making the stock its 15th biggest position. Texas Bank & Trust Co's holdings in Lowe's Companies were worth $3,664,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Lowe's Companies by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock valued at $12,736,545,000 after acquiring an additional 230,359 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Lowe's Companies by 10.6% during 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 purchasing an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Lowe's Companies by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock valued at $1,192,213,000 after purchasing an additional 330,701 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Lowe's Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock valued at $1,242,793,000 after purchasing an additional 323,371 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Lowe's Companies by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer's stock valued at $881,406,000 after buying an additional 225,964 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. KeyCorp boosted their price target on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Piper Sandler increased their price target on shares of Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Mizuho increased 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, Royal Bank Of Canada increased their price objective on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and an average target price of $284.13.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company's stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the business'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 transaction 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. Insiders own 0.27% of the company's stock.

Lowe's Companies Stock Performance

NYSE:LOW traded up $1.80 during mid-day trading on Wednesday, reaching $260.54. 1,923,192 shares of the company's stock were exchanged, compared to its average volume of 2,701,986. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The firm has a market capitalization of $146.12 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.39 and a beta of 0.87. The business's fifty day simple moving average is $236.27 and its two-hundred day simple moving average is $230.42.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its 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 firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the firm earned $4.10 EPS. The business'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. As a group, equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

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.