315,701 Shares in Lamb Weston $LW Bought by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of Lamb Weston (NYSE:LW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 315,701 shares of the specialty retailer's stock, valued at approximately $13,632,000. Legal & General Group Plc owned about 0.23% of Lamb Weston at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LW. BlackRock Inc. acquired a new stake in shares of Lamb Weston in the 2nd quarter valued at approximately $730,276,000. Norges Bank acquired a new position in Lamb Weston during the fourth quarter valued at approximately $125,662,000. Price T Rowe Associates Inc. MD increased its stake in 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 in the last quarter. Ion Asset Management Ltd. bought a new stake in Lamb Weston in the second quarter valued at approximately $84,379,000. Finally, Bank of New York Mellon Corp acquired a new stake in Lamb Weston in the second quarter worth $51,521,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LW. Weiss Ratings raised shares of Lamb Weston from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 27th. Wall Street Zen raised Lamb Weston from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Stephens lifted their target price on Lamb Weston from $46.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $52.00 target price on shares of Lamb Weston 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. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and a consensus price target of $53.36.

Lamb Weston Stock Performance

Shares of LW opened at $54.94 on Monday. 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 has a twelve month low of $37.62 and a twelve month high of $67.07. The firm's 50 day moving average price is $49.76 and its two-hundred day moving average price is $45.87. The firm has a market cap of $7.55 billion, a P/E ratio of 26.41, a PEG ratio of 2.45 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share 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 company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. The business's quarterly 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, analysts forecast that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

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

About Lamb Weston

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.

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