Voya Investment Management LLC Has $235.16 Million Stake in Lowe’s Companies, Inc. $LOW

Voya Investment Management LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 938,617 shares of the home improvement retailer’s stock after purchasing an additional 77,449 shares during the period. Voya Investment Management LLC’s holdings in Lowe’s Companies were worth $235,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Lowe’s Companies by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock valued at $12,197,604,000 after purchasing an additional 366,977 shares during the period. State Street Corp raised its holdings in shares of Lowe’s Companies by 0.8% during the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after purchasing an additional 207,826 shares during the period. Geode Capital Management LLC increased its position in Lowe’s Companies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after buying an additional 42,190 shares in the last quarter. Norges Bank acquired a new position in Lowe’s Companies during the 2nd quarter worth approximately $1,773,624,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Lowe’s Companies by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock worth $881,406,000 after buying an additional 225,964 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $247.77 on Friday. The company has a fifty day moving average price of $239.51 and a 200-day moving average price of $239.71. The firm has a market cap of $138.99 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 4.11 and a beta of 0.96. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same period last year, the firm earned $2.89 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is presently 39.80%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lowe’s Companies in a research report on Wednesday, December 10th. Evercore ISI restated a “positive” rating on shares of Lowe’s Companies in a research note on Thursday, November 20th. Robert W. Baird dropped their price objective on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Wolfe Research reduced their price objective on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Argus lowered their target price on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Sixteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $276.46.

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.