NorthCrest Asset Manangement LLC Buys 8,169 Shares of Lowe’s Companies, Inc. $LOW

NorthCrest Asset Manangement LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,297 shares of the home improvement retailer’s stock after buying an additional 8,169 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Lowe’s Companies were worth $26,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Waterloo Capital L.P. boosted its stake in shares of Lowe’s Companies by 1.2% in the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after buying an additional 41 shares during the last quarter. TruWealth Advisors LLC increased its position in Lowe’s Companies by 2.7% during the third quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after acquiring an additional 42 shares during the last quarter. Cypress Wealth Services LLC increased its position in Lowe’s Companies by 2.0% during the third quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock valued at $551,000 after acquiring an additional 42 shares during the last quarter. Hidden Cove Wealth Management LLC lifted its holdings in Lowe’s Companies by 4.6% in the third quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock valued at $241,000 after acquiring an additional 42 shares during the period. Finally, Roble Belko & Company Inc lifted its holdings in Lowe’s Companies by 21.4% in the third quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock valued at $63,000 after acquiring an additional 44 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LOW shares. Wolfe Research cut their price target on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Argus raised their price objective on shares of Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Oppenheimer cut their target price on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, February 26th. Twenty-one investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $289.76.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Down 2.0%

Shares of LOW opened at $225.03 on Friday. The business has a 50-day simple moving average of $266.50 and a two-hundred day simple moving average of $253.27. The stock has a market cap of $126.23 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.88 and a beta of 0.98. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.58 billion for the quarter, compared to the consensus estimate of $20.34 billion. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

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.