Securian Asset Management Inc. Cuts Stock Holdings in Lowe’s Companies, Inc. $LOW

Securian Asset Management Inc. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 43.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,250 shares of the home improvement retailer’s stock after selling 11,813 shares during the period. Securian Asset Management Inc.’s holdings in Lowe’s Companies were worth $3,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. Activest Wealth Management boosted its position in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares during the last quarter. OLD Second National Bank of Aurora boosted its position 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 worth $29,000 after purchasing an additional 42 shares during the last quarter. United Financial Planning Group LLC purchased a new position in Lowe’s Companies in the third quarter worth $31,000. Triumph Capital Management purchased a new position in Lowe’s Companies in the third quarter worth $34,000. Finally, Guerra Advisors Inc purchased a new position in Lowe’s Companies in the third quarter worth $35,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $229.07 on Monday. Lowe’s Companies, Inc. has a one year low of $210.33 and a one year high of $293.06. The business’s fifty day moving average price is $242.52 and its 200-day moving average price is $249.70. The stock has a market capitalization of $128.29 billion, a PE ratio of 19.33, a P/E/G ratio of 4.39 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates 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 $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The business’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 company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LOW shares. Guggenheim boosted their price objective on Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Morgan Stanley cut their price objective on Lowe’s Companies from $296.00 to $292.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Wolfe Research cut their price objective on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Truist Financial cut their price objective on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, KGI Securities started coverage on Lowe’s Companies in a research report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $288.41.

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.