Econ Financial Services Corp Acquires 3,638 Shares of Lowe’s Companies, Inc. $LOW

Econ Financial Services Corp grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 44.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,833 shares of the home improvement retailer’s stock after acquiring an additional 3,638 shares during the quarter. Lowe’s Companies accounts for approximately 1.4% of Econ Financial Services Corp’s investment portfolio, making the stock its 20th biggest position. Econ Financial Services Corp’s holdings in Lowe’s Companies were worth $2,625,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LOW. Solstein Capital LLC boosted its position in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Fairway Wealth LLC bought a new stake in Lowe’s Companies during the first quarter worth about $32,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies during the second quarter worth about $33,000. TruNorth Capital Management LLC bought a new stake in Lowe’s Companies during the first quarter worth about $38,000. Finally, JNBA Financial Advisors lifted its position in Lowe’s Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Wolfe Research assumed coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating for the company. Sanford C. Bernstein increased their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Robert W. Baird increased their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $244.19 on Wednesday. The business has a 50 day moving average of $254.26 and a 200-day moving average of $236.02. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The company has a market capitalization of $136.95 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.26 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the prior year, the firm posted $4.10 earnings per share. The firm’s 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. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Insider Activity

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the 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 sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by company insiders.

Lowe’s Companies 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.