Empowered Funds LLC Has $11.86 Million Position in Lamb Weston $LW

Empowered Funds LLC boosted its holdings in Lamb Weston (NYSE:LW) by 585.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 280,522 shares of the specialty retailer’s stock after acquiring an additional 239,579 shares during the period. Empowered Funds LLC’s holdings in Lamb Weston were worth $11,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Lamb Weston during the fourth quarter worth $125,662,000. M&T Bank Corp raised its position in shares of Lamb Weston by 45,177.0% in the fourth quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock valued at $118,768,000 after purchasing an additional 2,828,983 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Lamb Weston by 27.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after purchasing an additional 2,111,874 shares during the period. Ion Asset Management Ltd. bought a new position in shares of Lamb Weston in the second quarter valued at about $84,379,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Lamb Weston by 350.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,451,954 shares of the specialty retailer’s stock worth $61,360,000 after buying an additional 1,129,918 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday. Stephens increased their price target on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday. TD Cowen raised their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $52.00 price objective on shares of Lamb Weston in a report on Monday. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.36.

Lamb Weston Stock Down 1.3%

LW opened at $53.90 on Thursday. The stock has a fifty day moving average of $45.40 and a 200-day moving average of $44.54. The company has a market capitalization of $7.41 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.45 and a beta of 0.47. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company posted $0.87 earnings per share. Lamb Weston’s revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities analysts expect that Lamb Weston will post 3.04 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. Lamb Weston’s payout ratio is currently 73.08%.

Lamb Weston Company Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.