OP Asset Management Ltd Makes New $16.94 Million Investment in Lowe’s Companies, Inc. $LOW

by · The Markets Daily

OP Asset Management Ltd purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 71,677 shares of the home improvement retailer’s stock, valued at approximately $16,936,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Provenance Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 416.7% in the first quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer’s stock worth $44,000 after buying an additional 150 shares during the last quarter. Apella Capital LLC lifted its holdings in shares of Lowe’s Companies by 65.6% in the 1st quarter. Apella Capital LLC now owns 2,813 shares of the home improvement retailer’s stock valued at $708,000 after buying an additional 1,114 shares during the period. Brandywine Oak Private Wealth LLC lifted its holdings in Lowe’s Companies by 5.8% in the first quarter. Brandywine Oak Private Wealth LLC now owns 3,154 shares of the home improvement retailer’s stock valued at $745,000 after acquiring an additional 172 shares during the period. Focused Wealth Management Inc boosted its holdings in Lowe’s Companies by 7.2% during the first quarter. Focused Wealth Management Inc now owns 964 shares of the home improvement retailer’s stock worth $228,000 after buying an additional 65 shares in the last quarter. Finally, Burns J W & Co. Inc. NY boosted its stake in shares of Lowe’s Companies by 1.3% during the 1st quarter. Burns J W & Co. Inc. NY now owns 22,301 shares of the home improvement retailer’s stock worth $5,269,000 after acquiring an additional 281 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

NYSE LOW opened at $221.19 on Thursday. The firm’s fifty day moving average price is $225.22 and its 200 day moving average price is $244.91. The company has a market capitalization of $124.02 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. Lowe’s Companies, Inc. has a 12 month low of $203.40 and a 12 month high of $293.06.

Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

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

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the transaction, the executive vice president owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,980 shares of company stock worth $5,796,937 in the last quarter. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Stifel Nicolaus lowered their target price on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, May 12th. BNP Paribas Exane decreased their price target 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. Finally, Raymond James Financial lowered Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Get Our Latest Stock Analysis on LOW

Lowe’s Companies Profile

(Free Report)

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.

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