Cambridge Financial Group Inc. Has $5.37 Million Stock Position in Lowe’s Companies, Inc. $LOW

Cambridge Financial Group Inc. cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 23.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,191 shares of the home improvement retailer’s stock after selling 7,215 shares during the quarter. Lowe’s Companies makes up about 2.7% of Cambridge Financial Group Inc.’s holdings, making the stock its 21st biggest position. Cambridge Financial Group Inc.’s holdings in Lowe’s Companies were worth $5,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Solstein Capital LLC boosted its holdings 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 valued at $29,000 after acquiring an additional 113 shares during the period. Olistico Wealth LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth about $33,000. TruNorth Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 1st quarter worth about $38,000. Barnes Dennig Private Wealth Management LLC boosted its stake 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 valued at $43,000 after purchasing an additional 97 shares during the period. Finally, Vista Cima Wealth Management LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at approximately $44,000. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm’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 transaction 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 approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on LOW shares. Piper Sandler upped their price target on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Oppenheimer boosted their price objective on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

Lowe’s Companies Stock Up 0.7%

NYSE:LOW opened at $232.92 on Monday. The firm has a market capitalization of $130.62 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The firm has a 50-day moving average price of $250.65 and a 200 day moving average price of $237.13.

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

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s payout ratio 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.