7,000 Shares in Lowe’s Companies, Inc. $LOW Bought by Ally Financial Inc.

Ally Financial Inc. acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,000 shares of the home improvement retailer’s stock, valued at approximately $1,688,000.

Other hedge funds have also added to or reduced their stakes in the company. Swiss RE Ltd. bought a new stake in Lowe’s Companies in the fourth quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at about $27,000. United Financial Planning Group LLC acquired a new position in Lowe’s Companies during the 3rd quarter valued at about $31,000. OLD Second National Bank of Aurora boosted its stake in Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $34,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

LOW stock opened at $220.57 on Friday. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06. The firm has a 50-day moving average of $228.38 and a 200 day moving average of $246.14. The company has a market cap of $123.67 billion, a P/E ratio of 18.64, a PEG ratio of 2.79 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter last year, the firm earned $2.92 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein lowered their price target on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Craig Hallum raised shares of Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Evercore decreased their price target on shares of Lowe’s Companies from $250.00 to $230.00 in a report on Thursday, May 21st. KGI Securities assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 target price for the company. Finally, Truist Financial cut their price target on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.