Lowe's Companies, Inc. $LOW Stock Position Increased by Maj Invest Holding A S

Key Points

• Maj Invest Holding A S increased its Lowe’s position by 31.3% in the third quarter, purchasing 145,582 additional shares to hold 610,988 shares valued at approximately $112.6 million. Institutional investors and hedge funds collectively own 74.06% of the stock.
• Analysts maintain a generally positive outlook, with Lowe’s carrying a consensus “Moderate Buy” rating and an average price target of $253.48, despite some recent target reductions.
• Lowe’s reported quarterly EPS of $4.40, exceeding estimates, while revenue rose 8.3% year over year to $25.96 billion. The company also declared a quarterly dividend of $1.25 per share, equal to a 2.5% annualized yield.

Maj Invest Holding A S increased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 31.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 610,988 shares of the home improvement retailer's stock after purchasing an additional 145,582 shares during the period. Lowe's Companies accounts for about 5.0% of Maj Invest Holding A S's holdings, making the stock its 8th biggest holding. Maj Invest Holding A S's holdings in Lowe's Companies were worth $112,597,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LOW. Amundi grew its stake in Lowe's Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock worth $637,848,000 after buying an additional 1,053,237 shares during the last quarter. State Street Corp lifted its stake in Lowe's Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer's stock valued at $5,584,873,000 after buying an additional 880,815 shares during the last quarter. BlackRock Inc. lifted its stake in Lowe's Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock valued at $8,939,928,000 after buying an additional 714,092 shares during the last quarter. Cullen Capital Management LLC acquired a new stake in shares of Lowe's Companies in the second quarter valued at approximately $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Lowe's Companies by 142.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer's stock valued at $244,132,000 after acquiring an additional 607,046 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. Royal Bank Of Canada restated a "sector perform" rating and set a $231.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. Melius Research set a $244.00 price target on shares of Lowe's Companies in a research report on Tuesday, October 6th. TD Cowen reiterated a "hold" rating and set a $235.00 price target on shares of Lowe's Companies in a research note on Thursday, August 20th. Truist Financial decreased their price target on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Finally, UBS Group lowered their price objective on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.48.

Lowe's Companies Trading Down 0.1%

Lowe's Companies stock opened at $198.02 on Thursday. Lowe's Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The stock has a 50 day moving average of $196.68 and a two-hundred day moving average of $227.04. The stock has a market capitalization of $111.10 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.66 and a beta of 0.89.

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

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

Lowe's Companies Profile

Lowe's Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.

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