Thurston Springer Miller Herd & Titak Inc. Increases Position in Lowe's Companies, Inc. $LOW

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its position in Lowe's Companies by 14.5% during Q2, accumulating 14,489 shares valued at approximately $3.2 million.
• Analysts have given Lowe's Companies a consensus rating of "Moderate Buy", with sixteen analysts rating it as a buy and an average target price of $284.13.
• Lowe's announced a quarterly dividend of $0.012 per share, representing an annualized dividend of $0.05, with a payout ratio of 39.44%.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,489 shares of the home improvement retailer's stock after purchasing an additional 1,838 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Lowe's Companies were worth $3,215,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of 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 buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after acquiring an additional 259 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Lowe's Companies by 100.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 113,777 shares of the home improvement retailer's stock worth $28,080,000 after acquiring an additional 57,110 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of Lowe's Companies during the 4th quarter worth $611,000. Finally, Second Line Capital LLC grew its holdings in shares of Lowe's Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LOW. Guggenheim reiterated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Wells Fargo & Company lifted their price objective on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. DA Davidson raised their target price on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Finally, Citigroup cut their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $284.13.

Lowe's Companies Stock Performance

LOW opened at $271.89 on Friday. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87. The business's fifty day moving average is $243.26 and its two-hundred day moving average is $231.73.

Lowe's Companies (NYSE:LOW - Get Free Report) last released 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. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm 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 posted $4.10 earnings per share. The business's quarterly revenue 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. On average, 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 issued 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 dividend payout ratio is currently 39.44%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company's stock.

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.

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