Toth Financial Advisory Corp Sells 7,788 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Toth Financial Advisory Corp reduced its Lowe’s stake by 18.7% in the third quarter, selling 7,788 shares and retaining 33,913 shares valued at approximately $6.25 million. Institutional investors collectively own 74.06% of the company.
• Analysts maintain a generally positive outlook, with Lowe’s holding a “Moderate Buy” consensus rating and an average price target of $254.29, despite several recent target-price cuts.
• Lowe’s shares traded at $186.49, near their 52-week low, while the company reported quarterly EPS of $4.40—above estimates—and declared a quarterly dividend of $1.25, equivalent to a 2.7% annualized yield.

Toth Financial Advisory Corp cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 18.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,913 shares of the home improvement retailer's stock after selling 7,788 shares during the quarter. Toth Financial Advisory Corp's holdings in Lowe's Companies were worth $6,250,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Elevation Wealth Partners LLC boosted its stake in Lowe's Companies by 48.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 431 shares of the home improvement retailer's stock worth $79,000 after purchasing an additional 141 shares in the last quarter. Cooper Financial Group raised its holdings in shares of Lowe's Companies by 13.3% in the third quarter. Cooper Financial Group now owns 1,682 shares of the home improvement retailer's stock worth $310,000 after buying an additional 197 shares during the last quarter. Persium Advisors LLC raised its holdings in shares of Lowe's Companies by 11.5% in the third quarter. Persium Advisors LLC now owns 4,134 shares of the home improvement retailer's stock worth $762,000 after buying an additional 425 shares during the last quarter. Rhodes Investment Advisors Inc. ADV lifted its stake in shares of Lowe's Companies by 8.1% during the third quarter. Rhodes Investment Advisors Inc. ADV now owns 1,380 shares of the home improvement retailer's stock worth $254,000 after buying an additional 103 shares during the period. Finally, S.E.E.D. Planning Group LLC lifted its stake in shares of Lowe's Companies by 16.2% during the third quarter. S.E.E.D. Planning Group LLC now owns 41,508 shares of the home improvement retailer's stock worth $7,650,000 after buying an additional 5,782 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho cut their target price on Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, August 20th. TD Cowen reaffirmed a "hold" rating and set a $235.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Melius Research set a $244.00 price target on Lowe's Companies in a research note on Tuesday. Sanford C. Bernstein cut their price objective on Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating on the stock in a report on Wednesday, September 9th. Finally, Weiss Ratings cut Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and an average target price of $254.29.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded up $4.95 during trading on Thursday, hitting $186.49. 849,735 shares of the company's stock were exchanged, compared to its average volume of 2,941,235. The stock has a market capitalization of $104.63 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.54 and a beta of 0.89. The business has a 50-day simple moving average of $203.04 and a 200-day simple moving average of $216.80. Lowe's Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly 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. The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. Lowe's Companies's dividend payout ratio is presently 42.27%.

About Lowe's Companies

Lowe's Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.