University of Texas Texas AM Investment Management Co. Sells 5,301 Shares of Lowe’s Companies, Inc. $LOW

University of Texas Texas AM Investment Management Co. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 33.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,318 shares of the home improvement retailer’s stock after selling 5,301 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Lowe’s Companies were worth $2,488,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Lowe’s Companies in the fourth quarter worth about $1,993,697,000. Wellington Management Group LLP increased its holdings in Lowe’s Companies by 102.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after acquiring an additional 2,122,622 shares during the period. Victory Capital Management Inc. lifted its stake in Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after purchasing an additional 1,388,133 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Lowe’s Companies in the 4th quarter valued at $308,683,000. Finally, Vanguard Group Inc. grew its position in shares of Lowe’s Companies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after purchasing an additional 924,625 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Down 0.2%

Shares of LOW opened at $220.29 on Tuesday. The firm has a fifty day simple moving average of $228.16 and a two-hundred day simple moving average of $246.14. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The stock has a market capitalization of $123.52 billion, a P/E ratio of 18.62, a PEG ratio of 2.79 and a beta of 0.87.

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

Lowe’s Companies Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on LOW shares. Robert W. Baird decreased their price objective on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. BNP Paribas Exane reduced their target price on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a research note on Thursday, May 21st. Stifel Nicolaus dropped their price target on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Guggenheim increased their price objective on Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Mizuho dropped their target price on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

About Lowe’s Companies

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.