Public Employees Retirement System of Ohio Cuts Stake in Lamb Weston $LW

Public Employees Retirement System of Ohio lowered its position in shares of Lamb Weston (NYSE:LW) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,297 shares of the specialty retailer’s stock after selling 1,457 shares during the period. Public Employees Retirement System of Ohio’s holdings in Lamb Weston were worth $2,193,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LW. Wealth Enhancement Advisory Services LLC increased its stake in shares of Lamb Weston by 25.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,172 shares of the specialty retailer’s stock valued at $680,000 after buying an additional 2,090 shares during the period. GAMMA Investing LLC increased its stake in shares of Lamb Weston by 3,503.4% during the first quarter. GAMMA Investing LLC now owns 66,518 shares of the specialty retailer’s stock valued at $3,545,000 after buying an additional 64,672 shares during the period. Rhumbline Advisers increased its stake in shares of Lamb Weston by 8.7% during the first quarter. Rhumbline Advisers now owns 311,456 shares of the specialty retailer’s stock valued at $16,601,000 after buying an additional 24,909 shares during the period. Czech National Bank increased its stake in shares of Lamb Weston by 6.0% during the first quarter. Czech National Bank now owns 32,762 shares of the specialty retailer’s stock valued at $1,746,000 after buying an additional 1,843 shares during the period. Finally, NBC Securities Inc. increased its stake in shares of Lamb Weston by 130,125.0% during the first quarter. NBC Securities Inc. now owns 5,209 shares of the specialty retailer’s stock valued at $277,000 after buying an additional 5,205 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $62.21 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.68 and a current ratio of 1.49. The company has a market cap of $8.67 billion, a PE ratio of 29.76, a P/E/G ratio of 6.51 and a beta of 0.52. The business has a 50-day simple moving average of $56.03 and a two-hundred day simple moving average of $54.15. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, September 30th. The specialty retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.21. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.62 billion. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. As a group, equities analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.4%. Lamb Weston’s payout ratio is 58.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LW. Cowen restated a “hold” rating on shares of Lamb Weston in a research note on Wednesday. JPMorgan Chase & Co. began coverage on Lamb Weston in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price on the stock. Wells Fargo & Company lifted their target price on Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the company a “market perform” rating in a research note on Wednesday. Finally, Stifel Nicolaus set a $66.00 target price on Lamb Weston in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $65.56.

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.