Twin Capital Management Inc. Raises Stake in Lowe’s Companies, Inc. $LOW

Twin Capital Management Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 317.4% in the first quarter, Holdings Channel reports. The firm owned 5,171 shares of the home improvement retailer’s stock after acquiring an additional 3,932 shares during the period. Twin Capital Management Inc.’s holdings in Lowe’s Companies were worth $1,222,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LOW. Bank of New York Mellon Corp grew its stake in Lowe’s Companies by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock worth $956,371,000 after buying an additional 201,803 shares during the period. Providence Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 13.8% in the 1st quarter. Providence Wealth Advisors LLC now owns 9,070 shares of the home improvement retailer’s stock valued at $2,143,000 after acquiring an additional 1,101 shares during the period. Ethos Financial Group LLC raised its stake in shares of Lowe’s Companies by 12.8% in the 1st quarter. Ethos Financial Group LLC now owns 3,952 shares of the home improvement retailer’s stock valued at $934,000 after acquiring an additional 450 shares during the period. Opinicus Capital Inc. lifted its holdings in shares of Lowe’s Companies by 2.1% during the 1st quarter. Opinicus Capital Inc. now owns 5,608 shares of the home improvement retailer’s stock valued at $1,325,000 after acquiring an additional 118 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Lowe’s Companies by 5.4% during the 1st quarter. Sanctuary Advisors LLC now owns 155,938 shares of the home improvement retailer’s stock valued at $36,845,000 after acquiring an additional 8,010 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 3.0%

Lowe’s Companies stock opened at $216.00 on Friday. The stock has a market cap of $121.11 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.65 and a beta of 0.86. The stock has a 50 day moving average of $217.45 and a 200-day moving average of $241.80. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06.

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

Lowe’s Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LOW. HSBC decreased their price target on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Bank of America reduced their price objective on Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. DA Davidson reaffirmed a “neutral” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 20th. Piper Sandler lowered their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, William Blair started coverage on Lowe’s Companies in a research note on Tuesday, May 12th. They issued an “overweight” rating for the company. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Insiders Place Their Bets

In other news, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the transaction, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Lowe’s Companies 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.