E&G Advisors LP Sells 200 Shares of Lowe’s Companies, Inc. $LOW

E&G Advisors LP decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,567 shares of the home improvement retailer’s stock after selling 200 shares during the period. E&G Advisors LP’s holdings in Lowe’s Companies were worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Fairway Wealth LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at $32,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at $36,000. IFS Advisors LLC increased its position in shares of Lowe’s Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 60 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at $38,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $260.86 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a market capitalization of $146.30 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87. The company has a 50-day simple moving average of $248.40 and a 200 day simple moving average of $232.62.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 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 $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period last year, the business posted $4.10 EPS. Lowe’s Companies’s 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. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of recent analyst reports. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price target 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. Truist Financial lifted their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. DA Davidson increased their target price on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Finally, UBS Group increased their target price on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $284.88.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s 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 sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by insiders.

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.