Lowe’s Companies, Inc. $LOW Shares Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,094 shares of the home improvement retailer’s stock after purchasing an additional 259 shares during the period. Hager Investment Management Services LLC’s holdings in Lowe’s Companies were worth $1,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LOW. Brighton Jones LLC boosted its stake in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Lowe’s Companies by 54.9% in the 1st quarter. Farther Finance Advisors LLC now owns 12,808 shares of the home improvement retailer’s stock worth $2,997,000 after purchasing an additional 4,540 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Lowe’s Companies by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,339 shares of the home improvement retailer’s stock worth $1,945,000 after purchasing an additional 257 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Lowe’s Companies by 15.3% during the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock valued at $1,657,000 after acquiring an additional 944 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOW has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Citigroup decreased their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Oppenheimer lifted their price objective on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $283.13.

Lowe’s Companies Price Performance

LOW opened at $237.62 on Thursday. The firm has a fifty day moving average price of $254.58 and a 200 day moving average price of $234.36. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The stock has a market cap of $133.26 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.22 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is owned by insiders.

About Lowe’s Companies

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.