Turtle Creek Wealth Advisors LLC Buys Shares of 1,429 Lowe's Companies, Inc. $LOW

Key Points

• Turtle Creek Wealth Advisors LLC purchased 1,429 shares of Lowe's Companies, valued at around $317,000, indicating institutional interest in the home improvement retailer.
• Insider sales included significant transactions by EVP Juliette Williams Pryor and EVP Brandon J. Sink, who sold shares valued at over $2.4 million collectively in recent months.
• UBS Group and Sanford C. Bernstein raised their price targets for Lowe's Companies, indicating renewed confidence in the stock, with ratings of "buy" and "outperform" following their assessments.

Turtle Creek Wealth Advisors LLC bought a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,429 shares of the home improvement retailer's stock, valued at approximately $317,000.

Several other institutional investors have also added to or reduced their stakes in LOW. Fairway Wealth LLC purchased a new stake in Lowe's Companies during the 1st quarter valued at $32,000. Olistico Wealth LLC purchased a new stake in Lowe's Companies during the 2nd quarter valued at $33,000. Inlight Wealth Management LLC purchased a new stake in Lowe's Companies during the 1st quarter valued at $36,000. TruNorth Capital Management LLC purchased a new stake in Lowe's Companies during the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors boosted its stake in Lowe's Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 over the last three months. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. UBS Group raised their price target on Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Sanford C. Bernstein raised their price target on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Robert W. Baird raised their price target on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Evercore ISI dropped their price target on Lowe's Companies from $250.00 to $245.00 and set an "in-line" rating on the stock in a research note on Tuesday. Finally, Gordon Haskett upgraded Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $282.91.

Lowe's Companies Stock Performance

NYSE LOW opened at $243.11 on Friday. The company has a market capitalization of $136.34 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88. The business's fifty day moving average is $255.14 and its 200 day moving average is $234.62. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $285.24.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe's Companies's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's payout ratio is presently 39.44%.

Lowe's Companies Company Profile

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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