London Co. of Virginia Has $307 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

London Co. of Virginia lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,383,655 shares of the home improvement retailer’s stock after selling 30,814 shares during the period. Lowe’s Companies makes up 1.7% of London Co. of Virginia’s portfolio, making the stock its 17th largest holding. London Co. of Virginia owned 0.25% of Lowe’s Companies worth $306,996,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LOW. SeaBridge Investment Advisors LLC grew its position in shares of Lowe’s Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after purchasing an additional 465 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Lowe’s Companies by 2.6% in the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after buying an additional 3,947 shares during the period. Strathmore Capital Advisors Inc. bought a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $2,717,000. First Pacific Financial grew its position in Lowe’s Companies by 147.3% during the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock worth $611,000 after buying an additional 1,639 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Lowe’s Companies by 0.7% during the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock worth $183,344,000 after acquiring an additional 5,820 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird cut their target price on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. HSBC cut their price objective on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Truist Financial decreased their target price on shares of Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Mizuho dropped their target price on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Finally, Argus reduced their price target on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Sixteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.92.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $247.20 on Friday. The business has a 50 day moving average of $238.74 and a 200-day moving average of $239.08. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98. The company has a market capitalization of $138.67 billion, a P/E ratio of 20.50, a P/E/G ratio of 4.11 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same period last year, the company earned $2.89 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is presently 39.80%.

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.