Lowe’s Companies, Inc. $LOW Position Reduced by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 919 shares of the home improvement retailer’s stock after selling 228 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Lowe’s Companies were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC raised 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 worth $29,000 after purchasing an additional 113 shares in the last quarter. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies in the first quarter valued at $32,000. Olistico Wealth LLC bought a new position in shares of Lowe’s Companies in the second quarter valued at $33,000. TruNorth Capital Management LLC bought a new position in shares of Lowe’s Companies in the first quarter valued at $38,000. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after buying an additional 97 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LOW shares. Wells Fargo & Company lifted their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Truist Financial boosted their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Wolfe Research started coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $282.59.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 929 shares of the business’s 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 completion of the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 1.0%

Shares of NYSE:LOW opened at $235.64 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The company has a market capitalization of $132.15 billion, a PE ratio of 19.36, a PEG ratio of 2.21 and a beta of 0.88. The business has a 50 day moving average of $252.59 and a two-hundred day moving average of $236.65.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the previous year, the company posted $4.10 earnings per share. Lowe’s Companies’s revenue for the quarter 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. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Lowe’s Companies Company 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.