Lamb Weston $LW Stake Raised by California State Teachers Retirement System

California State Teachers Retirement System increased its holdings in Lamb Weston (NYSE:LW) by 22.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,782 shares of the specialty retailer’s stock after buying an additional 28,012 shares during the quarter. California State Teachers Retirement System’s holdings in Lamb Weston were worth $6,499,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LW. Norges Bank bought a new position in shares of Lamb Weston in the fourth quarter worth $125,662,000. M&T Bank Corp lifted its holdings in 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 worth $118,768,000 after purchasing an additional 2,828,983 shares during the period. Price T Rowe Associates Inc. MD grew its position in 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 buying an additional 2,111,874 shares in the last quarter. Ion Asset Management Ltd. acquired a new position in Lamb Weston during the 2nd quarter valued at about $84,379,000. Finally, Arrowstreet Capital Limited Partnership raised its position 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 in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW opened at $53.42 on Thursday. The firm has a market capitalization of $7.34 billion, a P/E ratio of 25.68, a PEG ratio of 2.38 and a beta of 0.46. The stock has a fifty day moving average of $46.42 and a 200-day moving average of $44.93. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates 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 period last year, the company posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Equities analysts forecast that Lamb Weston will post 3.05 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LW. JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $52.00 price target on shares of Lamb Weston in a research report on Monday, July 27th. Wells Fargo & Company lifted their price objective on shares of Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Stephens increased their target price on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus lifted their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.