Bill Few Associates Inc. Buys 349 Shares of Lowe’s Companies, Inc. $LOW

Bill Few Associates Inc. grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 36.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,294 shares of the home improvement retailer’s stock after acquiring an additional 349 shares during the period. Bill Few Associates Inc.’s holdings in Lowe’s Companies were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SeaBridge Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 3.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after acquiring an additional 465 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Lowe’s Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock worth $29,223,000 after acquiring an additional 1,470 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock worth $3,860,000 after buying an additional 1,242 shares during the last quarter. Advent Capital Management DE raised its stake in shares of Lowe’s Companies by 20.0% during the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after buying an additional 3,000 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its stake in shares of Lowe’s Companies by 12.6% during the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock worth $6,848,000 after buying an additional 3,295 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LOW shares. Sanford C. Bernstein boosted their price target on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. KeyCorp boosted their price target on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Barclays set a $267.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $283.13.

Insider Activity at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $232.28 on Monday. The stock has a market cap of $130.27 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.15 and a beta of 0.88. The firm has a 50 day moving average price of $254.92 and a 200 day moving average price of $234.42. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 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.