Forvis Mazars Wealth Advisors LLC Has $7.85 Million Stock Position in Lowe’s Companies, Inc. $LOW

Forvis Mazars Wealth Advisors LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the second quarter, Holdings Channel.com reports. The fund owned 35,363 shares of the home improvement retailer’s stock after selling 848 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $7,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Brighton Jones LLC lifted its stake in shares of 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 acquiring an additional 17,413 shares during the period. Revolve Wealth Partners LLC lifted its stake in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares during the period. GAMMA Investing LLC lifted its stake in Lowe’s Companies by 15.3% in the first quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock valued at $1,657,000 after buying an additional 944 shares during the period. Segment Wealth Management LLC lifted its stake in Lowe’s Companies by 178.7% in the first quarter. Segment Wealth Management LLC now owns 4,364 shares of the home improvement retailer’s stock valued at $1,018,000 after buying an additional 2,798 shares during the period. Finally, Advisor Resource Council acquired a new position in Lowe’s Companies in the first quarter valued at approximately $419,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Robert W. Baird boosted their price target on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Citigroup dropped their price target on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Wolfe Research initiated coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada boosted their price target on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.91.

Lowe’s Companies Stock Up 0.7%

NYSE LOW opened at $244.81 on Friday. The company has a market cap of $137.30 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.27 and a beta of 0.88. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $282.70. The business has a 50 day moving average price of $255.21 and a 200-day moving average price of $234.69.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 39.44%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.