Fulcrum Asset Management LLP Has $2.60 Million Position in Lowe’s Companies, Inc. $LOW

Fulcrum Asset Management LLP grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 31.6% in the second quarter, Holdings Channel.com reports. The firm owned 11,860 shares of the home improvement retailer’s stock after purchasing an additional 2,850 shares during the period. Fulcrum Asset Management LLP’s holdings in Lowe’s Companies were worth $2,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its holdings in shares of Lowe’s Companies by 3.5% during the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock worth $152,161,000 after purchasing an additional 21,119 shares during the period. Bridges Investment Management Inc. raised its holdings in Lowe’s Companies by 6.1% in the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after buying an additional 25,609 shares during the period. Kathmere Capital Management LLC raised its holdings in Lowe’s Companies by 133.9% in the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock valued at $2,222,000 after buying an additional 5,383 shares during the period. Glenview Trust Co lifted its position in Lowe’s Companies by 9.0% during the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock valued at $50,112,000 after buying an additional 17,225 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Lowe’s Companies by 2.3% during the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after buying an additional 22,175 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.7%

NYSE:LOW opened at $208.20 on Friday. The company has a market cap of $116.74 billion, a PE ratio of 17.60, a P/E/G ratio of 2.75 and a beta of 0.86. The business’s 50 day moving average is $215.10 and its two-hundred day moving average is $230.79. Lowe’s Companies, Inc. has a 52 week low of $199.40 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the transaction, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the sale, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 over the last 90 days. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent research reports. Bank of America dropped their price objective on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Mizuho reduced their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Sanford C. Bernstein dropped their price objective on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, Truist Financial decreased their target price on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.53.

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.