Rep. Dan Newhouse Sells Off Shares of Lowe's Companies, Inc. (NYSE:LOW)

Representative Dan Newhouse (R-Washington) recently sold shares of Lowe's Companies, Inc. NYSE: LOW. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lowe's Companies stock on April 11th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Union Pacific NYSE: UNP on 4/11/2025.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 4/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.

Lowe's Companies Trading Down 1.1%

Shares of NYSE LOW traded down $2.48 during mid-day trading on Friday, reaching $221.27. 360,778 shares of the company's stock were exchanged, compared to its average volume of 2,505,321. The firm has a market capitalization of $123.84 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.96 and a beta of 1.00. The business has a fifty day simple moving average of $224.65 and a 200 day simple moving average of $245.01. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Lowe's Companies's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.06 EPS. Equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.08%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in Lowe's Companies by 176.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 196 shares of the home improvement retailer's stock valued at $48,000 after buying an additional 125 shares during the period. Assenagon Asset Management S.A. raised its stake in Lowe's Companies by 141.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 64,409 shares of the home improvement retailer's stock valued at $15,896,000 after acquiring an additional 37,692 shares during the period. Kathmere Capital Management LLC raised its stake in Lowe's Companies by 4.5% in the 4th quarter. Kathmere Capital Management LLC now owns 2,908 shares of the home improvement retailer's stock valued at $718,000 after acquiring an additional 124 shares during the period. Park Avenue Securities LLC lifted its holdings in Lowe's Companies by 21.5% during the 4th quarter. Park Avenue Securities LLC now owns 12,409 shares of the home improvement retailer's stock valued at $3,062,000 after purchasing an additional 2,196 shares during the last quarter. Finally, Apella Capital LLC bought a new position in Lowe's Companies during the fourth quarter worth $254,000. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday. Bank of America dropped their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. DA Davidson reduced their price objective on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research report on Thursday. Stifel Nicolaus decreased their price objective on Lowe's Companies from $270.00 to $250.00 and set a "hold" rating for the company in a report on Monday. Finally, Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $271.52.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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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