GC Wealth Management RIA LLC Sells 7,138 Shares of Lowe’s Companies, Inc. $LOW

GC Wealth Management RIA LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 36.7% during the fourth quarter, HoldingsChannel reports. The fund owned 12,334 shares of the home improvement retailer’s stock after selling 7,138 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Lowe’s Companies were worth $2,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Lowe’s Companies by 102.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after buying an additional 2,122,622 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after buying an additional 1,388,133 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Lowe’s Companies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after buying an additional 924,625 shares during the last quarter. Worldquant Millennium Advisors LLC grew its position in shares of Lowe’s Companies by 243.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after buying an additional 791,526 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Lowe’s Companies by 101.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after buying an additional 626,829 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $233.43 on Thursday. Lowe’s Companies, Inc. has a one year low of $210.33 and a one year high of $293.06. The stock’s 50-day moving average is $246.18 and its 200 day moving average is $249.89. The firm has a market cap of $130.73 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 5.27 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last announced its 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 analyst estimates of $20.34 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The firm’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. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.61 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, May 6th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is presently 40.51%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LOW. Jefferies Financial Group reiterated a “buy” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 25th. Morgan Stanley reduced their price target on Lowe’s Companies from $296.00 to $292.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wells Fargo & Company upped their price target on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. TD Cowen reduced their price target on Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Finally, Citigroup upped their price target on Lowe’s Companies from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.10.

Lowe’s Companies Company 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.