Lowe’s Companies, Inc. $LOW Stock Position Lowered by Thurston Springer Miller Herd & Titak Inc.

by · The Cerbat Gem

Thurston Springer Miller Herd & Titak Inc. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 90.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,312 shares of the home improvement retailer’s stock after selling 13,177 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lowe’s Companies were worth $330,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Lowe’s Companies in the second quarter worth $1,773,624,000. Tableaux LLC purchased a new stake in Lowe’s Companies in the 2nd quarter worth about $282,884,000. Laurel Wealth Advisors LLC lifted its stake in Lowe’s Companies by 22,167.5% in 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 in the last quarter. Worldquant Millennium Advisors LLC boosted its position 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, Wellington Management Group LLP grew its stake in Lowe’s Companies by 49.0% during the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after acquiring an additional 618,775 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 0.8%

Lowe’s Companies stock opened at $246.72 on Wednesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $274.98. The firm’s fifty day simple moving average is $239.04 and its 200-day simple moving average is $239.60. The company has a market capitalization of $138.40 billion, a P/E ratio of 20.46, a P/E/G ratio of 4.13 and a beta of 0.96.

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

Lowe’s Companies Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on LOW. Telsey Advisory Group reduced their price target on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Wells Fargo & Company cut their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, December 1st. Bank of America dropped their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Robert W. Baird cut their price objective on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Sixteen equities 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. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $275.92.

Get Our Latest Research Report on LOW

About Lowe’s Companies

(Free Report)

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.

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