Beck Mack & Oliver LLC Has $34.72 Million Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Beck Mack & Oliver LLC reduced its stake in Lowe's Companies by 0.8% in Q1, selling 1,176 shares and holding a total of 148,876 shares valued at approximately $34.7 million.
• Analysts are optimistic about Lowe's, with significant price target increases from firms like Piper Sandler and UBS Group, projecting target prices up to $325.00 and assigning "buy" ratings.
• Lowe's Companies recently declared a quarterly dividend of $0.012 per share despite experiencing a 52.02% negative return on equity and a net margin of 8.20%.

Beck Mack & Oliver LLC cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,876 shares of the home improvement retailer's stock after selling 1,176 shares during the quarter. Beck Mack & Oliver LLC's holdings in Lowe's Companies were worth $34,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in Lowe's Companies in the first quarter valued at $32,000. Orion Capital Management LLC purchased a new position in Lowe's Companies in the fourth quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new position in Lowe's Companies in the first quarter worth approximately $36,000. Finally, IFS Advisors LLC raised its holdings in shares of Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Activity

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the 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 directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Lowe's Companies Stock Performance

LOW traded up $1.80 during trading on Wednesday, reaching $260.54. 1,923,192 shares of the company traded hands, compared to its average volume of 2,965,705. The firm has a fifty day simple moving average of $236.27 and a 200 day simple moving average of $230.42. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The company has a market cap of $146.12 billion, a P/E ratio of 21.41, a PEG ratio of 2.39 and a beta of 0.87.

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. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe's Companies's dividend payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial upped their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. UBS Group raised their target price on Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, August 21st. 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 report on Thursday, August 21st. Robert W. Baird lifted their target price on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Citigroup decreased their price target on shares of 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. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price of $284.13.

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.