Weiss Asset Management LP Has $2.94 Million Holdings in Lowe’s Companies, Inc. $LOW

Weiss Asset Management LP lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 37.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,432 shares of the home improvement retailer’s stock after acquiring an additional 3,385 shares during the quarter. Weiss Asset Management LP’s holdings in Lowe’s Companies were worth $2,937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. Swiss RE Ltd. acquired a new stake in Lowe’s Companies during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $27,000. OLD Second National Bank of Aurora grew its holdings in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Sankala Group LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at $33,000. Finally, Triumph Capital Management acquired a new position in Lowe’s Companies during the third quarter valued at $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LOW shares. Jefferies Financial Group lowered their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Morgan Stanley decreased their price target on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Royal Bank Of Canada lowered their price objective on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 21st. Piper Sandler dropped their price objective on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Telsey Advisory Group cut their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $207.35 on Monday. The stock’s 50 day moving average price is $215.22 and its 200 day moving average price is $240.18. Lowe’s Companies, Inc. has a 52 week low of $199.40 and a 52 week high of $293.06. The company has a market capitalization of $116.26 billion, a P/E ratio of 17.53, a P/E/G ratio of 2.62 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company 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 fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued 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 2.4%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This represents a 11.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,980 shares of company stock worth $5,796,937 over the last three months. Corporate insiders own 0.29% of the company’s stock.

Lowe’s Companies Company 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.