Lowe’s Companies, Inc. $LOW Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,145 shares of the home improvement retailer’s stock after acquiring an additional 8,309 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Lowe’s Companies were worth $38,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Vertex Planning Partners LLC boosted its holdings in Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after purchasing an additional 44 shares during the last quarter. Quadcap Wealth Management LLC raised its position in shares of Lowe’s Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after buying an additional 46 shares during the period. Appleton Partners Inc. MA raised its position in shares of Lowe’s Companies by 1.5% during the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock valued at $713,000 after buying an additional 47 shares during the period. Fielder Capital Group LLC lifted its holdings in Lowe’s Companies by 5.9% in the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock valued at $202,000 after acquiring an additional 48 shares during the last quarter. Finally, Intrua Financial LLC grew its position in Lowe’s Companies by 3.2% in the second quarter. Intrua Financial LLC now owns 1,555 shares of the home improvement retailer’s stock worth $345,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOW. Royal Bank Of Canada boosted their price objective on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Barclays set a $267.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $279.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. cut their target price on Lowe’s Companies from $283.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.50.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Down 1.4%

Lowe’s Companies stock opened at $231.44 on Friday. The firm has a market cap of $129.80 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The company’s 50 day moving average is $248.51 and its two-hundred day moving average is $237.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Lowe’s Companies Profile

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.