34,723 Shares in Lamb Weston $LW Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has acquired 34,723 shares of Lamb Weston valued at approximately $1.8 million, indicating strong institutional interest in the company.
• Lamb Weston recently reported quarterly earnings of $0.87 per share, exceeding analysts' expectations, with revenue rising to $1.68 billion, a 4% increase from the previous year.
• The company declared a quarterly dividend of $0.37 per share, reflecting a 2.7% dividend yield, with an upcoming payout on November 28th for investors of record on October 31st.

Assenagon Asset Management S.A. purchased a new position in shares of Lamb Weston (NYSE:LW - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,723 shares of the specialty retailer's stock, valued at approximately $1,800,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LW. Price T Rowe Associates Inc. MD lifted its stake in Lamb Weston by 49.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer's stock worth $239,877,000 after purchasing an additional 1,483,559 shares during the period. Citigroup Inc. lifted its stake in Lamb Weston by 324.4% during the first quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer's stock worth $60,068,000 after purchasing an additional 861,417 shares during the period. Invesco Ltd. lifted its stake in Lamb Weston by 25.7% during the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer's stock worth $216,180,000 after purchasing an additional 829,207 shares during the period. Gates Capital Management Inc. lifted its stake in Lamb Weston by 49.8% during the first quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer's stock worth $107,460,000 after purchasing an additional 670,611 shares during the period. Finally, Clarkston Capital Partners LLC lifted its stake in Lamb Weston by 21.1% during the first quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer's stock worth $198,359,000 after purchasing an additional 648,855 shares during the period. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $55.27 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68. The firm has a market cap of $7.70 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.16 and a beta of 0.49. The firm has a 50 day simple moving average of $55.52 and a 200 day simple moving average of $53.92. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.23. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. Lamb Weston's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. Sell-side analysts predict that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be issued a $0.37 dividend. 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 2.7%. Lamb Weston's dividend payout ratio (DPR) is currently 58.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LW. JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target for the company. Bank of America cut their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company raised their price target on shares of Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Barclays lifted their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $65.33.

Lamb Weston Company 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.

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