Atlas Wealth LLC Takes Position in Lowe’s Companies, Inc. $LOW

Atlas Wealth LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,565 shares of the home improvement retailer’s stock, valued at approximately $842,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after purchasing an additional 280 shares during the period. United Bank grew its holdings in shares of Lowe’s Companies by 1.3% in the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its holdings in shares of Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LOW shares. JPMorgan Chase & Co. lowered their price objective on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. TD Cowen lowered their price target on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Gordon Haskett reduced their price objective on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Weiss Ratings lowered Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Robert W. Baird lowered their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 25,980 shares of company stock valued at $5,796,937. Company insiders own 0.29% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $208.57 on Friday. The stock has a 50-day moving average of $217.04 and a two-hundred day moving average of $241.57. The stock has a market cap of $116.95 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.73 and a beta of 0.86. Lowe’s Companies, Inc. has a one year low of $203.40 and a one year high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the prior year, the firm earned $2.92 earnings per share. Lowe’s Companies’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. Analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. 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. This represents a $5.00 annualized dividend and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

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.