Moody National Bank Trust Division Sells 2,929 Shares of Lowe’s Companies, Inc. $LOW

Moody National Bank Trust Division lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,482 shares of the home improvement retailer’s stock after selling 2,929 shares during the quarter. Moody National Bank Trust Division’s holdings in Lowe’s Companies were worth $1,563,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Maj Invest Holding A S raised its holdings in Lowe’s Companies by 15.7% in the 3rd quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock valued at $201,801,000 after acquiring an additional 108,813 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Lowe’s Companies by 13.4% during the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after purchasing an additional 49,858 shares during the period. Facet Wealth Inc. bought a new stake in shares of Lowe’s Companies in the third quarter worth $558,000. National Pension Service grew its stake in shares of Lowe’s Companies by 2.7% in the third quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock worth $323,381,000 after purchasing an additional 33,686 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup lifted their target price on Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Piper Sandler reiterated an “overweight” rating and issued a $300.00 target price (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. UBS Group decreased their target price on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. DA Davidson restated a “neutral” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research report on Thursday, February 26th. Finally, Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, December 1st. Twenty-one equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.76.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the sale, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Up 0.1%

Shares of NYSE LOW opened at $234.51 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $293.06. The firm has a market cap of $131.55 billion, a PE ratio of 19.79, a P/E/G ratio of 5.09 and a beta of 0.98. The company’s fifty day simple moving average is $264.97 and its 200 day simple moving average is $252.75.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.