Meridian Wealth Advisors LLC Increases Stock Position in Lowe’s Companies, Inc. $LOW

Meridian Wealth Advisors LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,775 shares of the home improvement retailer’s stock after acquiring an additional 328 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC increased its stake in Lowe’s Companies by 3.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after buying an additional 465 shares during the period. QRG Capital Management Inc. grew its stake in Lowe’s Companies by 2.6% in the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock worth $34,322,000 after acquiring an additional 3,947 shares in the last quarter. Advent Capital Management DE increased its position in shares of Lowe’s Companies by 20.0% during the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after acquiring an additional 3,000 shares during the period. Strathmore Capital Advisors Inc. bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $2,717,000. Finally, First Pacific Financial raised its stake in shares of Lowe’s Companies by 147.3% during the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after acquiring an additional 1,639 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.5%

NYSE LOW opened at $234.12 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The company has a 50 day moving average price of $243.31 and a 200 day moving average price of $237.39. The firm has a market cap of $131.30 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. The business had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 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 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s 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 sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 52,931 shares of company stock worth $14,381,752. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler raised their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Robert W. Baird decreased their price objective on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup dropped their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday. Sixteen investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.41.

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.