Texas Bank & Trust Co Has $3.54 Million Position in Lowe’s Companies, Inc. $LOW

Texas Bank & Trust Co raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,969 shares of the home improvement retailer’s stock after purchasing an additional 259 shares during the quarter. Lowe’s Companies accounts for about 1.4% of Texas Bank & Trust Co’s holdings, making the stock its 17th biggest holding. Texas Bank & Trust Co’s holdings in Lowe’s Companies were worth $3,543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. Solstein Capital LLC grew its holdings in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 113 shares during the last quarter. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies during the first quarter valued at $32,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies during the second quarter valued at $33,000. TruNorth Capital Management LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth $38,000. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in shares of Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after purchasing an additional 97 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

NYSE LOW opened at $238.29 on Monday. The stock has a market capitalization of $133.64 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.21 and a beta of 0.88. The business has a 50 day simple moving average of $253.05 and a 200 day simple moving average of $236.53. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business 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 earnings per share 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. Shareholders of record on Wednesday, October 22nd will be paid 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 39.44%.

Insider Activity at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was 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 directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Oppenheimer raised their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Evercore ISI decreased their target price on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Finally, Robert W. Baird raised their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

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.