Nexpoint Asset Management L.P. Invests $2.73 Million in Lamb Weston $LW

Key Points

• Nexpoint Asset Management L.P. has acquired a new stake in Lamb Weston, purchasing 51,216 shares valued at approximately $2.73 million.
• Lamb Weston reported a quarterly earnings of $0.87 per share, exceeding the consensus estimate of $0.64, along with a revenue of $1.68 billion for the quarter.
• The company declared a quarterly dividend of $0.37 per share, reflecting a 2.7% dividend yield and a payout ratio of 58.96%.

Nexpoint Asset Management L.P. acquired a new position in Lamb Weston (NYSE:LW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,216 shares of the specialty retailer's stock, valued at approximately $2,730,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Lamb Weston by 2.6% in the first quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer's stock worth $909,987,000 after purchasing an additional 426,045 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Lamb Weston by 49.2% in 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 last quarter. Invesco Ltd. grew its stake in shares of Lamb Weston by 25.7% in 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 last quarter. Clarkston Capital Partners LLC grew its stake in shares of Lamb Weston by 21.1% in 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 last quarter. Finally, Gates Capital Management Inc. grew its stake in shares of Lamb Weston by 49.8% in 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 last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Up 4.0%

Shares of NYSE LW traded up $2.25 during trading on Friday, hitting $58.02. 1,658,930 shares of the company traded hands, compared to its average volume of 1,220,842. The business's fifty day moving average is $54.19 and its 200 day moving average is $53.53. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.39 and a beta of 0.49. 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 (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. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The business's quarterly revenue was up 4.0% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. Equities research analysts predict that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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

Wall Street Analysts Forecast Growth

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