Lowe's Companies, Inc. $LOW Stock Holdings Lowered by Allen Investment Management LLC

Key Points

• Allen Investment Management cut its Lowe’s stake by 47.1% in the third quarter, selling 11,080 shares and ending the period with 12,438 shares valued at about $2.29 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $253.48; 23 analysts rate the stock Buy or Strong Buy, while 12 recommend Hold and two rate it Sell.
• Lowe’s reported quarterly EPS of $4.40, beating estimates, while revenue of $25.96 billion fell short of expectations. Its quarterly dividend is $1.25 per share, equivalent to a 2.2% yield at the article’s cited share price.

Allen Investment Management LLC lowered its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 47.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,438 shares of the home improvement retailer's stock after selling 11,080 shares during the quarter. Allen Investment Management LLC's holdings in Lowe's Companies were worth $2,292,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nykredit A S acquired a new position in Lowe's Companies in the second quarter valued at $42,217,000. First Citizens Bank & Trust Co. raised its stake in shares of Lowe's Companies by 31.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock worth $4,435,000 after buying an additional 5,804 shares in the last quarter. Glenview Trust Co raised its stake in shares of Lowe's Companies by 4.9% during the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer's stock worth $50,798,000 after buying an additional 10,735 shares in the last quarter. Andra AP fonden boosted its stake in shares of Lowe's Companies by 14.6% in the second quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer's stock valued at $23,220,000 after buying an additional 13,400 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Lowe's Companies by 33.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 29,209 shares of the home improvement retailer's stock worth $5,383,000 after purchasing an additional 7,364 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley reissued an "overweight" rating on shares of Lowe's Companies in a research note on Thursday, August 20th. KeyCorp reaffirmed an "overweight" rating and set a $275.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $231.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 20th. Guggenheim reissued a "buy" rating and issued a $275.00 target price on shares of Lowe's Companies in a research note on Monday, September 21st. Finally, Melius Research set a $244.00 target price on shares of Lowe's Companies in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $253.48.

Lowe's Companies Stock Down 0.9%

LOW stock opened at $225.13 on Friday. The stock has a market capitalization of $126.31 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81. Lowe's Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06. The stock's fifty day simple moving average is $197.18 and its 200-day simple moving average is $225.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The firm had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the firm posted $4.33 earnings per share. The business's quarterly revenue was up 8.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts anticipate that Lowe's Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. Lowe's Companies's dividend payout ratio is currently 42.27%.

About Lowe's Companies

Lowe's Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe's also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe's has grown into a major retailer operating across the United States.

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