UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.06 Billion Stock Holdings in Lowe’s Companies, Inc. $LOW

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 13.1% in the second quarter, HoldingsChannel reports. The fund owned 4,812,200 shares of the home improvement retailer’s stock after selling 725,624 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lowe’s Companies were worth $1,061,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies in the 4th quarter worth $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $27,000. Sankala Group LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $33,000. Triumph Capital Management acquired a new position in Lowe’s Companies during the third quarter worth $34,000. Finally, IAG Wealth Partners LLC lifted its stake in shares of Lowe’s Companies by 178.6% in the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 100 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In related news, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction that occurred 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 directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 25,980 shares of company stock valued at $5,796,937. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several analyst reports. Piper Sandler lowered their price objective on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Craig Hallum upgraded shares of Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Guggenheim reduced their target price on Lowe’s Companies from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, August 21st. Robert W. Baird reduced their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Gordon Haskett dropped their price target on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $258.53.

Lowe’s Companies Price Performance

NYSE:LOW opened at $208.20 on Friday. The company has a market capitalization of $116.74 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.77 and a beta of 0.86. The business has a fifty day simple moving average of $215.10 and a two-hundred day simple moving average of $230.79. Lowe’s Companies, Inc. has a 1 year low of $199.40 and a 1 year 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 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. The firm had revenue of $25.96 billion for 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%.The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 12.26 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.