Aviva PLC Grows Holdings in Lowe’s Companies, Inc. $LOW

Aviva PLC increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,440 shares of the home improvement retailer’s stock after acquiring an additional 24,443 shares during the quarter. Aviva PLC’s holdings in Lowe’s Companies were worth $113,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Founders Financial Alliance LLC boosted its position in shares of Lowe’s Companies by 0.8% during the 4th quarter. Founders Financial Alliance LLC now owns 12,535 shares of the home improvement retailer’s stock valued at $3,023,000 after acquiring an additional 94 shares during the last quarter. Investment Research Partners LLC raised its holdings in Lowe’s Companies by 5.6% during the 4th quarter. Investment Research Partners LLC now owns 5,492 shares of the home improvement retailer’s stock valued at $1,324,000 after buying an additional 292 shares during the period. Caerus Investment Advisors LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at $262,000. Great Valley Advisor Group Inc. raised its holdings in Lowe’s Companies by 7.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 16,185 shares of the home improvement retailer’s stock valued at $3,904,000 after buying an additional 1,121 shares during the period. Finally, Kovack Advisors Inc. raised its holdings in Lowe’s Companies by 147.7% during the 4th quarter. Kovack Advisors Inc. now owns 4,593 shares of the home improvement retailer’s stock valued at $1,108,000 after buying an additional 2,739 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOW has been the topic of several recent research reports. Wolfe Research set a $254.00 price target on Lowe’s Companies in a report on Thursday, May 21st. Argus increased their price target on Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Gordon Haskett decreased their price target on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Rothschild & Co Redburn increased their price target on Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Stock Up 2.4%

LOW stock opened at $221.45 on Friday. The business’s fifty day simple moving average is $228.68 and its two-hundred day simple moving average is $246.32. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The firm has a market cap of $124.17 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.73 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is 40.57%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.