Police & Firemen s Retirement System of New Jersey Acquires 30,630 Shares of Lamb Weston $LW

Police & Firemen s Retirement System of New Jersey lifted its holdings in Lamb Weston (NYSE:LW) by 146.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,482 shares of the specialty retailer’s stock after buying an additional 30,630 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Lamb Weston were worth $2,669,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LW. Kestra Private Wealth Services LLC bought a new position in shares of Lamb Weston during the first quarter valued at approximately $231,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Lamb Weston by 2.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer’s stock worth $585,000 after buying an additional 219 shares during the last quarter. Guidance Capital Inc. grew its stake in shares of Lamb Weston by 11.9% in the 1st quarter. Guidance Capital Inc. now owns 17,086 shares of the specialty retailer’s stock worth $880,000 after buying an additional 1,820 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Lamb Weston during the 1st quarter valued at approximately $1,436,000. Finally, AE Wealth Management LLC raised its stake in Lamb Weston by 9.0% during the first quarter. AE Wealth Management LLC now owns 4,210 shares of the specialty retailer’s stock valued at $224,000 after buying an additional 349 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LW shares. Deutsche Bank Aktiengesellschaft boosted their target price on Lamb Weston from $59.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 price target on shares of Lamb Weston and gave the stock a “market perform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price for the company. Finally, Cfra Research upgraded shares of Lamb Weston to a “hold” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.70.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $56.21 on Wednesday. The firm’s 50-day moving average price is $60.57 and its 200-day moving average price is $56.24. Lamb Weston has a 52-week low of $47.87 and a 52-week high of $83.98. The company has a market cap of $7.83 billion, a PE ratio of 26.89, a PEG ratio of 3.73 and a beta of 0.51. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company had revenue of $1.15 billion for the quarter. As a group, analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. Lamb Weston’s payout ratio is presently 70.81%.

Lamb Weston Profile

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