Signal Advisors Wealth LLC Acquires 3,792 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Signal Advisors Wealth LLC increased its stake in Lowe's Companies by 74.9% during the second quarter, acquiring an additional 3,792 shares, bringing their total holdings to 8,858 shares valued at approximately $1,965,000.
• Lowe's reported a quarterly earnings per share (EPS) of $4.33, surpassing analysts' expectations, with a year-over-year revenue growth of 1.6% to $23.96 billion.
• The company recently declared a dividend of $0.012 per share to be paid on November 5th, representing a minimal annualized yield of 0.0%, as Lowe's continues to adjust its financial strategies.

Signal Advisors Wealth LLC boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 74.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,858 shares of the home improvement retailer's stock after buying an additional 3,792 shares during the quarter. Signal Advisors Wealth LLC's holdings in Lowe's Companies were worth $1,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Nuveen LLC acquired a new stake in Lowe's Companies in the 1st quarter valued at approximately $681,215,000. Pacer Advisors Inc. grew its stake in shares of Lowe's Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock worth $475,339,000 after purchasing an additional 1,971,996 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after purchasing an additional 1,651,170 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Lowe's Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock worth $172,527,000 after purchasing an additional 675,318 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Lowe's Companies during the fourth quarter worth $159,029,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company's stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

LOW traded down $1.89 on Friday, reaching $265.68. 4,079,028 shares of the company traded hands, compared to its average volume of 2,502,386. The stock's 50 day moving average price is $247.63 and its 200-day moving average price is $232.64. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a market cap of $149.00 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.48 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping 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 net margin of 8.20% and a negative return on equity of 52.02%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe's Companies's payout ratio is presently 39.44%.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Mizuho boosted their price target on shares of Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Citigroup reduced their price target on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Sanford C. Bernstein boosted their price target on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Seventeen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $285.08.

About Lowe's Companies

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.