Campbell Newman Asset Management Inc. Has $30.52 Million Holdings in Lowe’s Companies, Inc. $LOW

Campbell Newman Asset Management Inc. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% in the 2nd quarter, Holdings Channel reports. The fund owned 138,427 shares of the home improvement retailer’s stock after selling 7,949 shares during the period. Lowe’s Companies accounts for 2.3% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 19th largest holding. Campbell Newman Asset Management Inc.’s holdings in Lowe’s Companies were worth $30,522,000 at the end of the most recent quarter.

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

Insider Transactions at Lowe’s Companies

In related news, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the sale, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 25,980 shares of company stock worth $5,796,937 over the last ninety days. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler lowered their price target on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. KeyCorp restated an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Wolfe Research set a $254.00 target price on Lowe’s Companies in a report on Thursday, May 21st. Telsey Advisory Group dropped their target price on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group cut their price target on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-three research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $258.53.

Lowe’s Companies Stock Up 0.7%

Shares of Lowe’s Companies stock opened at $208.20 on Friday. The stock has a market cap of $116.74 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.75 and a beta of 0.86. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The company’s fifty day moving average is $215.10 and its 200 day moving average is $230.79.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion for 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%.During the same period in the previous year, the business earned $4.33 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal 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.