MJP Associates Inc. ADV Invests $218,000 in Lowe’s Companies, Inc. $LOW

MJP Associates Inc. ADV acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 980 shares of the home improvement retailer’s stock, valued at approximately $218,000.

Several other large investors have also recently added to or reduced their stakes in LOW. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the period. Olistico Wealth LLC bought a new position in Lowe’s Companies during the second quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Lowe’s Companies by 101.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after acquiring an additional 97 shares during the period. Orion Capital Management LLC raised its position in Lowe’s Companies by 34.2% in the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock worth $46,000 after acquiring an additional 50 shares in the last quarter. Finally, Forbes J M & Co. LLP acquired a new stake in Lowe’s Companies in the 1st quarter valued at about $47,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $227.59 on Friday. The company’s fifty day moving average price is $247.66 and its two-hundred day moving average price is $237.39. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The company has a market capitalization of $127.64 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts anticipate 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 was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the company’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 value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Truist Financial cut their price objective on Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Piper Sandler upped their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, KeyCorp raised their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.91.

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.