Andra AP fonden Purchases 13,400 Shares of Lowe’s Companies, Inc. $LOW

Andra AP fonden increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,313 shares of the home improvement retailer’s stock after acquiring an additional 13,400 shares during the period. Andra AP fonden’s holdings in Lowe’s Companies were worth $23,220,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Lowe’s Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp grew its stake in shares of Lowe’s Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after purchasing an additional 880,815 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after buying an additional 887,579 shares during the period. Norges Bank acquired a new stake in Lowe’s Companies in the fourth quarter worth about $1,993,697,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Lowe’s Companies by 8.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,029,665 shares of the home improvement retailer’s stock worth $1,212,954,000 after buying an additional 411,154 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $4.60 during midday trading on Tuesday, hitting $195.58. 1,193,506 shares of the company were exchanged, compared to its average volume of 2,921,042. The firm has a market capitalization of $109.73 billion, a P/E ratio of 16.55, a PEG ratio of 2.56 and a beta of 0.85. The firm’s 50 day moving average price is $208.56 and its two-hundred day moving average price is $221.73. Lowe’s Companies, Inc. has a 52 week low of $188.22 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LOW shares. KeyCorp reiterated an “overweight” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. Mizuho dropped their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Sanford C. Bernstein cut their price objective on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 9th. Piper Sandler reduced their price target on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. Finally, Telsey Advisory Group decreased their price objective on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $257.63.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.