Truist Financial Corp Sells 12,860 Shares of Lowe’s Companies, Inc. $LOW

Truist Financial Corp reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 492,173 shares of the home improvement retailer’s stock after selling 12,860 shares during the period. Truist Financial Corp’s holdings in Lowe’s Companies were worth $118,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LOW. Brighton Jones LLC boosted its position 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 last quarter. Revolve Wealth Partners LLC increased its position in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Lowe’s Companies by 22.3% during the 2nd 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 last quarter. United Bank lifted its stake in shares of Lowe’s Companies by 1.3% in the 2nd 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 period. Finally, Schnieders Capital Management LLC. lifted its stake in shares of Lowe’s Companies by 13.1% in the 2nd 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 period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOW. Barclays upgraded shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price for the company in a research report on Wednesday, January 7th. Mizuho increased their price target on shares of Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Rothschild & Co Redburn lifted their price target on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Gordon Haskett cut their price objective on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Evercore reduced their price objective on Lowe’s Companies from $250.00 to $245.00 in a research note on Tuesday, March 31st. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $289.10.

Lowe’s Companies Trading Down 4.0%

NYSE LOW opened at $223.98 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $210.33 and a 12 month high of $293.06. The stock has a market cap of $125.44 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 5.07 and a beta of 0.91. The company’s 50 day moving average is $245.40 and its two-hundred day moving average is $249.98.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.61 EPS for the current year.

Lowe’s Companies Announces Dividend

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