Empowered Funds LLC Has $3.71 Million Stock Position in Lamb Weston $LW

Key Points

• Empowered Funds LLC increased its stake in Lamb Weston by 55.7% in the first quarter, owning 69,652 shares worth $3.7 million.
• Wall Street analysts have mixed opinions, with Barclays and Wells Fargo raising their price targets to $68.00 and $66.00 respectively, while Bank of America lowered its target to $56.00.
• Lamb Weston reported a quarterly EPS of $0.87, exceeding analyst estimates and showing a 4% revenue increase year-over-year.

Empowered Funds LLC raised its stake in Lamb Weston (NYSE:LW - Free Report) by 55.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,652 shares of the specialty retailer's stock after buying an additional 24,909 shares during the quarter. Empowered Funds LLC's holdings in Lamb Weston were worth $3,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in shares of Lamb Weston by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 9,656 shares of the specialty retailer's stock worth $645,000 after purchasing an additional 592 shares during the period. Cetera Investment Advisers raised its position in shares of Lamb Weston by 195.4% during the fourth quarter. Cetera Investment Advisers now owns 57,577 shares of the specialty retailer's stock worth $3,848,000 after purchasing an additional 38,086 shares during the period. Janus Henderson Group PLC raised its position in shares of Lamb Weston by 8.8% during the fourth quarter. Janus Henderson Group PLC now owns 351,364 shares of the specialty retailer's stock worth $23,482,000 after purchasing an additional 28,508 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $367,000. Finally, Mufg Securities Americas Inc. acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $141,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Price Performance

NYSE LW traded down $0.26 during midday trading on Monday, hitting $56.16. The company had a trading volume of 1,629,565 shares, compared to its average volume of 1,187,378. The company has a market capitalization of $7.83 billion, a PE ratio of 22.38, a P/E/G ratio of 2.33 and a beta of 0.49. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12. The firm has a 50-day moving average price of $54.72 and a 200-day moving average price of $53.71. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. As a group, analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LW shares. Barclays raised their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Bank of America decreased their price target on 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 Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. started coverage on Lamb Weston in a research note on Wednesday, August 20th. They set a "neutral" rating and a $57.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $65.30.

Lamb Weston 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.