Gibbs Wealth Management Has $2.08 Million Stock Position in Lowe’s Companies, Inc. $LOW

Gibbs Wealth Management increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 122.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,819 shares of the home improvement retailer’s stock after purchasing an additional 4,856 shares during the period. Gibbs Wealth Management’s holdings in Lowe’s Companies were worth $2,084,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Swiss RE Ltd. purchased a new position in Lowe’s Companies during the 4th quarter valued at about $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at approximately $27,000. OLD Second National Bank of Aurora raised its position in shares of Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Sankala Group LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $33,000. Finally, Triumph Capital Management purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the transaction, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Down 1.2%

Shares of Lowe’s Companies stock opened at $201.87 on Friday. Lowe’s Companies, Inc. has a 52 week low of $199.40 and a 52 week high of $293.06. The firm has a market capitalization of $113.19 billion, a P/E ratio of 17.06, a PEG ratio of 2.58 and a beta of 0.86. The company has a 50 day moving average price of $215.44 and a 200 day moving average price of $240.45.

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

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Analyst Ratings Changes

LOW has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. HSBC decreased their price objective on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Bank of America reduced their target price on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Truist Financial reduced their price target on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, BTIG Research downgraded Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies 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.