Orion Porfolio Solutions LLC Sells 8,034 Shares of Lowe’s Companies, Inc. $LOW

Orion Porfolio Solutions LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 11.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,876 shares of the home improvement retailer’s stock after selling 8,034 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Lowe’s Companies were worth $16,304,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth approximately $1,773,624,000. Victory Capital Management Inc. lifted its stake in Lowe’s Companies by 207.2% during the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after purchasing an additional 1,388,133 shares during the last quarter. Tableaux LLC acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at $282,884,000. Laurel Wealth Advisors LLC boosted its holdings in shares of Lowe’s Companies by 22,167.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after purchasing an additional 1,027,683 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake 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 purchasing an additional 791,526 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LOW. Morgan Stanley raised their price objective on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Gordon Haskett reduced their price target on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Telsey Advisory Group lifted their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a research report on Monday, December 29th. Finally, Truist Financial cut their target price on shares of 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. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $291.64.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $254.52 on Friday. The company has a 50 day simple moving average of $268.06 and a 200 day simple moving average of $254.62. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $293.06. The firm has a market cap of $142.77 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 5.62 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. The firm had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.