Voya Investment Management LLC Acquires 77,449 Shares of Lowe’s Companies, Inc. $LOW

Voya Investment Management LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 938,617 shares of the home improvement retailer’s stock after purchasing an additional 77,449 shares during the quarter. Voya Investment Management LLC owned 0.17% of Lowe’s Companies worth $235,163,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $1,773,624,000. Tableaux LLC acquired a new stake in Lowe’s Companies during the second quarter worth approximately $282,884,000. Laurel Wealth Advisors LLC increased its stake in Lowe’s Companies by 22,167.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after acquiring an additional 1,027,683 shares during the period. Worldquant Millennium Advisors LLC increased its stake in Lowe’s Companies by 243.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock worth $247,817,000 after acquiring an additional 791,526 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Lowe’s Companies by 26.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,358,118 shares of the home improvement retailer’s stock valued at $523,196,000 after acquiring an additional 491,005 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.1%

Shares of Lowe’s Companies stock opened at $247.77 on Friday. The firm’s 50 day moving average is $239.51 and its 200 day moving average is $239.71. The firm has a market capitalization of $138.99 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 4.11 and a beta of 0.96. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe’s Companies’s payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LOW. Truist Financial set a $269.00 target price on Lowe’s Companies in a report on Wednesday. Bank of America cut their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a report on Monday, December 1st. Argus cut their price target on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Finally, Oppenheimer decreased their price objective on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $276.46.

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.