State of New Jersey Common Pension Fund D Has $46.32 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

State of New Jersey Common Pension Fund D trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,055 shares of the home improvement retailer’s stock after selling 4,029 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Lowe’s Companies were worth $46,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Activest Wealth Management raised its position in shares of Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 51 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $31,000. OLD Second National Bank of Aurora increased its stake in Lowe’s Companies by 52.5% in 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 acquiring an additional 42 shares during the last quarter. Triumph Capital Management bought a new position in Lowe’s Companies in the third quarter valued at approximately $34,000. Finally, Guerra Advisors Inc acquired a new position in Lowe’s Companies during the third quarter valued at approximately $35,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

LOW stock opened at $235.50 on Thursday. The stock’s 50 day simple moving average is $246.18 and its 200 day simple moving average is $249.89. The company has a market cap of $131.89 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 5.27 and a beta of 0.97. Lowe’s Companies, Inc. has a fifty-two week low of $210.33 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.59 billion for 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 business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is presently 40.51%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent analyst reports. Evercore dropped their price objective on Lowe’s Companies from $250.00 to $245.00 in a research report on Tuesday, March 31st. Rothschild & Co Redburn boosted their target price on Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Guggenheim increased their target price on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Truist Financial reduced their price target on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Robert W. Baird lifted their price target on shares of Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $289.10.

About Lowe’s Companies

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.