Hohimer Wealth Management LLC Acquires 11,422 Shares of Lamb Weston $LW

Hohimer Wealth Management LLC acquired a new position in Lamb Weston (NYSE:LW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 11,422 shares of the specialty retailer’s stock, valued at approximately $476,000.

Several other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp purchased a new position in Lamb Weston in the 2nd quarter worth about $25,000. Heritage Family Offices LLP purchased a new stake in shares of Lamb Weston during the 3rd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at about $36,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Lamb Weston in the second quarter worth approximately $43,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Up 3.1%

LW stock opened at $56.95 on Tuesday. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $62.87. The business’s 50-day moving average is $50.04 and its two-hundred day moving average is $46.96. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.77 and a current ratio of 1.45. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.05 and a beta of 0.49.

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

Lamb Weston Dividend Announcement

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 $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 6th. Lamb Weston’s dividend payout ratio is 83.06%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LW shares. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $46.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Sanford C. Bernstein raised their target price on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Stephens lifted their target price on shares of Lamb Weston from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.82.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc is a food company that produces and markets frozen potato products. Its offerings include French fries, sweet potato products and other potato-based sides and appetizers.

The company serves foodservice customers, including restaurants and other commercial food providers, as well as retail customers through grocery stores and other channels. Its products are sold in North America and international markets.

Lamb Weston traces its roots to a potato-processing business founded by Gilbert Lamb in 1950 in Weston, Oregon.