Cwm LLC Increases Stock Holdings in Lowe’s Companies, Inc. $LOW

Cwm LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,682 shares of the home improvement retailer’s stock after acquiring an additional 845 shares during the quarter. Cwm LLC’s holdings in Lowe’s Companies were worth $9,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Lowe’s Companies by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock valued at $12,736,545,000 after buying an additional 230,359 shares during the period. Invesco Ltd. boosted its stake in shares of Lowe’s Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after buying an additional 501,154 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Lowe’s Companies by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after buying an additional 330,701 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Lowe’s Companies by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock valued at $881,406,000 after buying an additional 225,964 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Lowe’s Companies by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer’s stock valued at $816,711,000 after buying an additional 42,676 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LOW. DA Davidson lifted their price objective on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe’s Companies in a research note on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Mizuho raised their target price on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Wolfe Research initiated coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They set an “outperform” rating on the stock. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.91.

Lowe’s Companies Stock Up 2.7%

LOW opened at $240.86 on Wednesday. The firm has a market cap of $135.08 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.17 and a beta of 0.88. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The business’s 50 day moving average is $254.98 and its two-hundred day moving average is $234.50.

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

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s payout ratio is 39.44%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by corporate 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.