State of Wyoming Purchases New Holdings in Lamb Weston $LW

State of Wyoming acquired a new position in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,026 shares of the specialty retailer’s stock, valued at approximately $433,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Lamb Weston during the fourth quarter valued at $125,662,000. M&T Bank Corp grew its stake in Lamb Weston by 45,177.0% during the 4th quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock valued at $118,768,000 after acquiring an additional 2,828,983 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Lamb Weston by 27.4% in the 4th 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. purchased a new stake in shares of Lamb Weston in the second quarter worth approximately $84,379,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lamb Weston by 350.9% during the first 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. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Trading Down 1.2%

Lamb Weston stock opened at $52.42 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.37 and a beta of 0.46. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The company’s fifty day moving average price is $48.06 and its two-hundred day moving average price is $45.42.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, analysts forecast that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be given a dividend of $0.38 per share. 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 2.9%. Lamb Weston’s dividend payout ratio is presently 73.08%.

Analyst Ratings Changes

LW has been the topic of several research reports. Barclays upped their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. TD Cowen lifted their price objective on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Stephens upped their target price on Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus raised their price target on Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $53.36.

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.