LMG Wealth Partners LLC Has $5.17 Million Stock Position in Lowe’s Companies, Inc. $LOW

LMG Wealth Partners LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,447 shares of the home improvement retailer’s stock after selling 2,674 shares during the quarter. LMG Wealth Partners LLC’s holdings in Lowe’s Companies were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Forza Wealth Management LLC lifted its position in shares of Lowe’s Companies by 6.6% in the fourth quarter. Forza Wealth Management LLC now owns 4,302 shares of the home improvement retailer’s stock worth $1,037,000 after purchasing an additional 268 shares in the last quarter. SevenBridge Financial Group LLC lifted its position in shares of Lowe’s Companies by 6.4% in the fourth quarter. SevenBridge Financial Group LLC now owns 17,897 shares of the home improvement retailer’s stock worth $4,316,000 after purchasing an additional 1,070 shares in the last quarter. Composition Wealth LLC lifted its position in shares of Lowe’s Companies by 9.7% in the fourth quarter. Composition Wealth LLC now owns 20,267 shares of the home improvement retailer’s stock worth $4,888,000 after purchasing an additional 1,799 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $76,760,000. Finally, Horizon Investments LLC lifted its position in shares of Lowe’s Companies by 46.2% in the fourth quarter. Horizon Investments LLC now owns 23,934 shares of the home improvement retailer’s stock worth $5,746,000 after purchasing an additional 7,565 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 2.2%

Shares of LOW stock opened at $233.55 on Friday. Lowe’s Companies, Inc. has a 12 month low of $210.33 and a 12 month high of $293.06. The business’s 50 day moving average is $245.40 and its two-hundred day moving average is $249.81. The company has a market cap of $130.80 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 5.19 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating 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 company had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter last year, the company posted $1.93 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 12.61 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LOW shares. Wolfe Research reduced their price target on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Truist Financial reduced their price target on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. 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. Finally, Weiss Ratings raised shares of Lowe’s Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus 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.