Lamb Weston $LW Holdings Lifted by BROOKFIELD Corp ON

Key Points

• BROOKFIELD Corp ON significantly increased its stake in Lamb Weston by 95.8%, now owning over 1 million shares worth approximately $54.17 million.
• Lamb Weston reported earnings of $0.87 per share for its most recent quarter, surpassing the estimate of $0.64, and posted a revenue of $1.68 billion which was higher than expected.
• The company declared a quarterly dividend of $0.37 per share, which translates to an annualized dividend of $1.48 and a yield of 2.6%.

BROOKFIELD Corp ON boosted its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 95.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,016,266 shares of the specialty retailer's stock after acquiring an additional 497,266 shares during the quarter. BROOKFIELD Corp ON owned 0.72% of Lamb Weston worth $54,167,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LW. Price T Rowe Associates Inc. MD boosted its position in Lamb Weston by 49.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer's stock worth $239,877,000 after acquiring an additional 1,483,559 shares during the period. Citigroup Inc. boosted its holdings in shares of 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. boosted its holdings in shares of 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. boosted its holdings in shares of 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 boosted its holdings in shares of 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. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Up 2.4%

LW stock opened at $57.20 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The company has a fifty day simple moving average of $54.54 and a 200 day simple moving average of $53.62. The firm has a market cap of $7.97 billion, a PE ratio of 22.79, a PEG ratio of 2.30 and a beta of 0.49.

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

Lamb Weston Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on LW. Barclays upped their price target on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price target on the stock. Bank of America dropped their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company upped 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. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.

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