Summit Wealth Group LLC Co. cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 58.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,440 shares of the home improvement retailer’s stock after selling 3,461 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Lowe’s Companies were worth $450,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of LOW. Juno Financial Group LLC lifted its position in shares of Lowe’s Companies by 0.4% in the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock worth $2,809,000 after purchasing an additional 43 shares in the last quarter. Spinnaker Trust boosted its stake in shares of Lowe’s Companies by 3.7% during the 2nd quarter. Spinnaker Trust now owns 1,345 shares of the home improvement retailer’s stock worth $297,000 after buying an additional 48 shares during the last quarter. Roxbury Financial LLC grew its holdings in shares of Lowe’s Companies by 0.8% in the 2nd quarter. Roxbury Financial LLC now owns 6,359 shares of the home improvement retailer’s stock valued at $1,402,000 after acquiring an additional 52 shares in the last quarter. Carson Advisory Inc. increased its position in shares of Lowe’s Companies by 1.9% in the first quarter. Carson Advisory Inc. now owns 2,882 shares of the home improvement retailer’s stock valued at $681,000 after acquiring an additional 53 shares during the last quarter. Finally, Riverbend Wealth Management LLC increased its position in shares of Lowe’s Companies by 3.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,488 shares of the home improvement retailer’s stock valued at $274,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on LOW shares. Stifel Nicolaus dropped their target price on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a report on Monday, October 26th. Morgan Stanley restated an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. Sanford C. Bernstein lowered their price target on Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 9th. Wells Fargo & Company dropped their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Finally, Telsey Advisory Group cut their price objective on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.48.
Lowe’s Companies Stock Performance
Shares of LOW stock opened at $229.42 on Thursday. The firm’s 50-day moving average is $196.48 and its 200-day moving average is $225.60. The stock has a market cap of $128.72 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.79 and a beta of 0.81. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the firm posted $4.33 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.
Lowe’s Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s payout ratio is presently 42.27%.
Key Headlines Impacting Lowe’s Companies
Here are the key news stories impacting Lowe’s Companies this week:
- Positive Sentiment: Housing stocks, including Lowe’s, rallied after Democrats’ election gains as interest rates edged lower and investors saw signs inflation could ease. Lower borrowing costs could support housing activity and renovation spending. Read article
- Positive Sentiment: An institutional investor reportedly established a $6.93 million stake in Lowe’s ahead of earnings. The investment may signal confidence, although the article provides no details about the investor’s rationale and the stake alone does not establish a broader trend. Read article
- Positive Sentiment: Georgia Ports named Lowe’s its Supply Chain Impact Partner of the Year, recognizing the retailer’s supply-chain relationship. The recognition is favorable but does not indicate a specific financial benefit. Read article
- Neutral Sentiment: A report says Lowe’s plans to open new stores, but the supplied information does not specify locations, timing, or expected investment, limiting insight into the potential impact. Read article
About Lowe’s Companies
Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.
Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.
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