Burney Co. Sells 48,282 Shares of Lowe’s Companies, Inc. $LOW

Burney Co. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 56.2% in the second quarter, Holdings Channel reports. The fund owned 37,605 shares of the home improvement retailer’s stock after selling 48,282 shares during the quarter. Burney Co.’s holdings in Lowe’s Companies were worth $8,343,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LOW. SeaBridge Investment Advisors LLC lifted its position in Lowe’s Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after purchasing an additional 465 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Lowe’s Companies by 8.1% during the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after buying an additional 1,242 shares in the last quarter. Advent Capital Management DE lifted its holdings in shares of Lowe’s Companies by 20.0% in the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after acquiring an additional 3,000 shares during the last quarter. Strathmore Capital Advisors Inc. purchased a new position in Lowe’s Companies in the second quarter worth about $2,717,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Lowe’s Companies during the first quarter worth approximately $303,000. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by insiders.

Lowe’s Companies Stock Down 0.6%

LOW stock opened at $238.29 on Monday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The firm has a market cap of $133.64 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.21 and a beta of 0.88. The business’s fifty day simple moving average is $253.05 and its two-hundred day simple moving average is $236.53.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Stifel Nicolaus raised their price target on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. UBS Group lifted their price objective on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Citigroup lowered their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $282.59.

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.