Crossmark Global Holdings Inc. Decreases Stake in Lowe’s Companies, Inc. $LOW

Crossmark Global Holdings Inc. cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 53.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,444 shares of the home improvement retailer’s stock after selling 31,235 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lowe’s Companies were worth $6,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Howard Hughes Medical Institute purchased a new position in Lowe’s Companies during the second quarter valued at approximately $27,000. Activest Wealth Management lifted its holdings in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the period. Traub Capital Management LLC purchased a new stake in Lowe’s Companies in the 2nd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its position in Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares in the last quarter. Finally, Guerra Advisors Inc acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LOW. Piper Sandler reaffirmed an “overweight” rating and set a $300.00 target price (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. Royal Bank Of Canada raised their price target on shares of Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Rothschild & Co Redburn lifted their price target on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Citigroup boosted their price target on shares of Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Finally, Jefferies Financial Group restated a “buy” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 25th. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $291.64.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Down 1.1%

Shares of LOW opened at $251.89 on Friday. The company has a market cap of $141.30 billion, a P/E ratio of 21.26, a PEG ratio of 5.53 and a beta of 0.98. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $293.06. The firm’s 50 day moving average price is $268.21 and its 200 day moving average price is $254.63.

Lowe’s Companies (NYSE:LOW) last issued its quarterly 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 net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter last year, the company posted $1.93 EPS. The firm’s revenue 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. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.