Lamb Weston $LW Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Reduces Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in Lamb Weston (NYSE:LW) by 60.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,100 shares of the specialty retailer’s stock after selling 14,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lamb Weston were worth $379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Lamb Weston during the second quarter worth $730,276,000. Bank of New York Mellon Corp bought a new stake in Lamb Weston in the 2nd quarter valued at $51,521,000. Arrowstreet Capital Limited Partnership boosted its stake in Lamb Weston by 350.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,451,954 shares of the specialty retailer’s stock worth $61,360,000 after purchasing an additional 1,129,918 shares during the period. Dimensional Fund Advisors LP boosted its stake in Lamb Weston by 28.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,742,208 shares of the specialty retailer’s stock worth $115,865,000 after purchasing an additional 601,171 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Lamb Weston by 349.1% in the 1st quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer’s stock worth $29,180,000 after purchasing an additional 536,745 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LW. TD Cowen increased their target price on Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Zacks Research upgraded Lamb Weston from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Barclays upped their price objective on Lamb Weston from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, October 8th. Freedom Broker assumed coverage on Lamb Weston in a research report on Wednesday. They set a “hold” rating for the company. Finally, Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $53.82.

Lamb Weston Price Performance

NYSE LW opened at $55.25 on Friday. The firm’s 50 day moving average is $50.00 and its 200-day moving average is $46.90. The company has a quick ratio of 0.77, a current ratio of 1.45 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $7.61 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 2.00 and a beta of 0.49. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $62.87.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 6th. The specialty retailer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.59 by $0.16. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 3.85% and a return on equity of 23.27%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. Equities research analysts anticipate that Lamb Weston will post 3.24 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, November 6th. Lamb Weston’s dividend payout ratio is currently 83.06%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.

Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.