Cullinan Associates Inc. Sells 4,353 Shares of Lowe’s Companies, Inc. $LOW

Cullinan Associates Inc. lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,334 shares of the home improvement retailer’s stock after selling 4,353 shares during the quarter. Lowe’s Companies accounts for about 1.0% of Cullinan Associates Inc.’s investment portfolio, making the stock its 27th biggest holding. Cullinan Associates Inc.’s holdings in Lowe’s Companies were worth $12,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC increased its holdings in Lowe’s Companies by 22.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 280 shares in the last quarter. United Bank increased its holdings in Lowe’s Companies by 1.3% during the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in shares of Lowe’s Companies by 13.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock valued at $528,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $208.20 on Friday. The company’s 50-day moving average price is $215.10 and its two-hundred day moving average price is $230.79. Lowe’s Companies, Inc. has a one year low of $199.40 and a one year high of $293.06. The stock has a market capitalization of $116.74 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.Lowe’s Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Insider Activity at Lowe’s Companies

In other news, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. This represents a 26.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 25,980 shares of company stock valued at $5,796,937. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. TD Cowen restated a “hold” rating and issued a $235.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Jefferies Financial Group dropped their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. Finally, Benchmark began coverage on Lowe’s Companies in a research report on Tuesday, May 12th. They set a “hold” rating for the company. Twenty-three 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 company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $258.53.

Lowe’s Companies 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.