Cambiar Investors LLC Sells 10,250 Shares of Lamb Weston $LW

Key Points

• Cambiar Investors LLC has reduced its holdings in Lamb Weston by 7.7%, selling 10,250 shares and now owning approximately 122,350 shares valued at $6.5 million.
• Lamb Weston reported earnings per share of $0.87 for the last quarter, surpassing expectations and reflecting a 4.0% revenue increase compared to the same period last year.
• The company recently declared a quarterly dividend of $0.37 per share, resulting in an annualized dividend yield of 2.7%.

Cambiar Investors LLC lessened its stake in Lamb Weston (NYSE:LW - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,350 shares of the specialty retailer's stock after selling 10,250 shares during the period. Cambiar Investors LLC owned approximately 0.09% of Lamb Weston worth $6,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LW. Wayfinding Financial LLC purchased a new position in Lamb Weston in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Lamb Weston in the 1st quarter worth approximately $28,000. Whipplewood Advisors LLC grew its stake in Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after buying an additional 520 shares in the last quarter. Putney Financial Group LLC purchased a new position in Lamb Weston in the 4th quarter worth approximately $34,000. Finally, CX Institutional purchased a new stake in shares of Lamb Weston in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 1.4%

NYSE:LW traded up $0.7830 during midday trading on Tuesday, reaching $55.0830. 1,114,438 shares of the stock traded hands, compared to its average volume of 2,411,880. The company has a fifty day moving average of $53.58 and a 200 day moving average of $53.74. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38. The stock has a market capitalization of $7.68 billion, a P/E ratio of 21.95, a PEG ratio of 2.15 and a beta of 0.49.

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

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued a $0.37 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.7%. Lamb Weston's dividend payout ratio is 58.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LW. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Bank of America cut 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 note on Wednesday, June 18th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Lamb Weston currently has a consensus rating of "Hold" and an average target price of $67.40.

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.