Lamb Weston $LW Position Reduced by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its holdings in Lamb Weston by 18.4% during the first quarter, resulting in ownership of 524,550 shares valued at approximately $28 million.
• Lamb Weston reported a strong quarterly earnings per share (EPS) of $0.87, surpassing estimates by $0.23, with a revenue of $1.68 billion, reflecting a 4.0% increase year-over-year.
• The company announced a quarterly dividend of $0.37 per share, representing an annualized dividend of $1.48 and a yield of 2.6%.

Baird Financial Group Inc. decreased its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 524,550 shares of the specialty retailer's stock after selling 117,958 shares during the period. Baird Financial Group Inc. owned 0.37% of Lamb Weston worth $27,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in Lamb Weston during the fourth quarter worth approximately $34,000. Wayfinding Financial LLC acquired a new stake in shares of Lamb Weston in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Lamb Weston in the first quarter worth $28,000. Whipplewood Advisors LLC increased its position in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 520 shares in the last quarter. Finally, CX Institutional acquired a new stake in shares of Lamb Weston in the first quarter worth $48,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Up 4.0%

Shares of LW stock traded up $2.25 on Friday, hitting $58.02. The stock had a trading volume of 1,658,930 shares, compared to its average volume of 1,191,125. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.30 and a beta of 0.49. The stock's 50 day moving average is $54.19 and its 200-day moving average is $53.58. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38. Lamb Weston has a 52-week low of $47.87 and a 52-week high of $83.98.

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

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 1st were paid a $0.37 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. Lamb Weston's dividend payout ratio is 58.96%.

Wall Street Analyst Weigh In

LW has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Bank of America dropped their price objective on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Barclays increased their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Lamb Weston presently has a consensus rating of "Hold" and an average target price of $65.30.

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.