Arizona State Retirement System Increases Position in Lamb Weston Holdings Inc (LW)

Arizona State Retirement System increased its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,968 shares of the specialty retailer’s stock after acquiring an additional 2,444 shares during the quarter. Arizona State Retirement System owned about 0.07% of Lamb Weston worth $6,924,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Lamb Weston by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 638,533 shares of the specialty retailer’s stock valued at $37,176,000 after buying an additional 19,474 shares during the period. Allianz Asset Management GmbH increased its holdings in Lamb Weston by 11.0% in the 1st quarter. Allianz Asset Management GmbH now owns 696,524 shares of the specialty retailer’s stock valued at $40,552,000 after buying an additional 69,271 shares during the period. Suntrust Banks Inc. increased its holdings in Lamb Weston by 22.5% in the 1st quarter. Suntrust Banks Inc. now owns 13,145 shares of the specialty retailer’s stock valued at $764,000 after buying an additional 2,415 shares during the period. CENTRAL TRUST Co increased its holdings in Lamb Weston by 30.4% in the 2nd quarter. CENTRAL TRUST Co now owns 7,100 shares of the specialty retailer’s stock valued at $486,000 after buying an additional 1,657 shares during the period. Finally, KAMES CAPITAL plc increased its holdings in Lamb Weston by 124.3% in the 2nd quarter. KAMES CAPITAL plc now owns 948,969 shares of the specialty retailer’s stock valued at $64,957,000 after buying an additional 525,825 shares during the period. 79.97% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on LW shares. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Wednesday, October 24th. ValuEngine upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Jefferies Financial Group restated a “buy” rating and issued a $80.00 target price on shares of Lamb Weston in a research note on Tuesday, October 2nd. Stifel Nicolaus boosted their target price on shares of Lamb Weston from $68.00 to $74.00 and gave the company a “hold” rating in a research note on Wednesday, October 3rd. Finally, CL King downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.00.

Shares of NYSE:LW opened at $76.98 on Monday. Lamb Weston Holdings Inc has a 52 week low of $50.60 and a 52 week high of $79.97. The firm has a market capitalization of $11.27 billion, a PE ratio of 28.94, a PEG ratio of 2.35 and a beta of -0.53.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, October 2nd. The specialty retailer reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Lamb Weston had a net margin of 12.52% and a negative return on equity of 110.81%. The company had revenue of $914.90 million for the quarter, compared to the consensus estimate of $879.68 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts expect that Lamb Weston Holdings Inc will post 2.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be given a dividend of $0.191 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.76 annualized dividend and a yield of 0.99%. Lamb Weston’s dividend payout ratio (DPR) is 28.57%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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