Lowe's Companies, Inc. $LOW Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System trimmed its Lowe's stake by 3.4% (sold 5,637 shares), leaving 157,973 shares valued at about $38.10 million, while institutional investors and hedge funds collectively own roughly 74.06% of the stock.
• Lowe's beat quarterly estimates with $1.98 EPS vs. $1.94 expected and revenue of $20.59 billion (up 10.9% YoY), set FY 2026 guidance of $12.25–12.75 EPS, and holds a sell‑side consensus of "Moderate Buy" with an average price target near $289.24.

Arizona State Retirement System reduced its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,973 shares of the home improvement retailer's stock after selling 5,637 shares during the period. Arizona State Retirement System's holdings in Lowe's Companies were worth $38,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LOW. Mowery & Schoenfeld Wealth Management LLC grew its stake in Lowe's Companies by 5.4% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 1,881 shares of the home improvement retailer's stock worth $454,000 after buying an additional 96 shares during the period. N.E.W. Advisory Services LLC boosted its holdings in Lowe's Companies by 13.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 1,731 shares of the home improvement retailer's stock worth $417,000 after acquiring an additional 207 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Lowe's Companies by 1.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 11,757 shares of the home improvement retailer's stock worth $2,835,000 after acquiring an additional 203 shares during the period. Diversified Enterprises LLC boosted its holdings in Lowe's Companies by 32.8% in the 4th quarter. Diversified Enterprises LLC now owns 3,453 shares of the home improvement retailer's stock worth $833,000 after acquiring an additional 853 shares during the period. Finally, Kerusso Capital Management LLC boosted its holdings in Lowe's Companies by 24.7% in the 4th quarter. Kerusso Capital Management LLC now owns 18,596 shares of the home improvement retailer's stock worth $4,485,000 after acquiring an additional 3,682 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Up 0.5%

NYSE:LOW opened at $246.52 on Friday. The business's 50 day moving average is $249.72 and its two-hundred day moving average is $249.71. Lowe's Companies, Inc. has a 52 week low of $210.33 and a 52 week high of $293.06. The company has a market cap of $138.07 billion, a PE ratio of 20.80, a P/E/G ratio of 5.33 and a beta of 0.97.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.04. Lowe's Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter last year, the business posted $1.93 EPS. Lowe's Companies's quarterly revenue was up 10.9% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 12.61 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe's Companies's dividend payout ratio (DPR) is currently 40.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LOW shares. Wells Fargo & Company upped their price target on Lowe's Companies from $280.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. DA Davidson restated a "neutral" rating and issued a $275.00 target price on shares of Lowe's Companies in a research note on Thursday, February 26th. Mizuho upped their target price on shares of Lowe's Companies from $272.00 to $294.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Barclays upgraded shares of Lowe's Companies from an "equal weight" rating to an "overweight" rating and set a $285.00 target price for the company in a research note on Wednesday, January 7th. Finally, TD Cowen decreased their target price on shares of Lowe's Companies from $295.00 to $280.00 and set a "hold" rating for the company in a research note on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $289.24.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.