Baugh & Associates LLC Reduces Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Baugh & Associates LLC has reduced its stake in Lowe's Companies, Inc. by 4.9% during Q2, now holding 36,215 shares valued at approximately $7.39 million.
• Various institutional investors have increased their shares in Lowe's, with BTC Capital Management Inc. raising its stake by 7.4% and Farther Finance Advisors LLC boosting theirs by 17.3% during the same period.
• Analysts have a consensus rating of "Moderate Buy" for Lowe's, with a target price averaging $285.08, reflecting positive sentiment despite mixed recent earnings results.

Baugh & Associates LLC reduced its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,215 shares of the home improvement retailer's stock after selling 1,868 shares during the period. Lowe's Companies accounts for approximately 3.8% of Baugh & Associates LLC's investment portfolio, making the stock its 8th biggest position. Baugh & Associates LLC's holdings in Lowe's Companies were worth $7,391,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LOW. Brighton Jones LLC raised its position in Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Lowe's Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after purchasing an additional 259 shares during the last quarter. Retirement Planning Group LLC grew its holdings in Lowe's Companies by 17.5% during the 4th quarter. Retirement Planning Group LLC now owns 1,002 shares of the home improvement retailer's stock worth $247,000 after acquiring an additional 149 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in Lowe's Companies during the 4th quarter worth about $111,000. Finally, Sunbelt Securities Inc. grew its holdings in Lowe's Companies by 1.4% during the 4th quarter. Sunbelt Securities Inc. now owns 7,042 shares of the home improvement retailer's stock worth $1,737,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were 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 directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on LOW shares. Sanford C. Bernstein increased their price target on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Truist Financial increased their price target on Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Gordon Haskett upgraded Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Seventeen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $285.08.

Lowe's Companies Price Performance

Shares of LOW traded down $4.34 during trading hours on Monday, hitting $260.86. The stock had a trading volume of 3,435,258 shares, compared to its average volume of 2,720,392. The firm has a 50 day simple moving average of $247.63 and a 200-day simple moving average of $232.50. The firm has a market capitalization of $146.30 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued 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. The company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

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