Oak Associates Ltd. OH Has $23.67 Million Position in Lowe’s Companies, Inc. $LOW

Oak Associates Ltd. OH raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,704 shares of the home improvement retailer’s stock after purchasing an additional 3,252 shares during the quarter. Lowe’s Companies makes up 1.5% of Oak Associates Ltd. OH’s holdings, making the stock its 19th biggest position. Oak Associates Ltd. OH’s holdings in Lowe’s Companies were worth $23,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Solstein Capital LLC lifted its position in Lowe’s Companies by 627.8% during the second 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. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies during the second quarter worth approximately $30,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies during the second quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Lowe’s Companies by 101.0% during the 2nd 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. Finally, Orion Capital Management LLC lifted its holdings in Lowe’s Companies by 34.2% during the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 50 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LOW shares. DA Davidson decreased their price objective on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Royal Bank Of Canada dropped their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research note on Thursday, November 20th. Mizuho decreased their target price on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Wolfe Research assumed coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating on the stock. Sixteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $274.75.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the company’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 in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Down 2.3%

Shares of NYSE:LOW opened at $228.82 on Tuesday. The firm has a 50 day moving average of $242.44 and a 200-day moving average of $237.62. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The stock has a market capitalization of $128.33 billion, a PE ratio of 18.80, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted 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. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same quarter last year, the business posted $2.89 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

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.