Northern Trust Corp Has $65.95 Million Holdings in Lamb Weston $LW

Key Points

• Northern Trust Corp has reduced its stake in Lamb Weston by 13.2%, selling 188,212 shares and now owning approximately 0.88% of the company, valued at $65.9 million.
• Several institutional investors have increased their holdings in Lamb Weston, with Vanguard Group increasing its stake by 2.6% and Invesco Ltd. boosting its holdings by 25.7% during the same period.
• Lamb Weston recently announced a quarterly dividend of $0.37 per share, representing an annualized yield of 2.6%, with the ex-dividend date set for August 1st.

Northern Trust Corp trimmed its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,237,298 shares of the specialty retailer's stock after selling 188,212 shares during the period. Northern Trust Corp owned about 0.88% of Lamb Weston worth $65,948,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. lifted its position in shares of Lamb Weston by 24.2% in the 1st quarter. Raymond James Financial Inc. now owns 367,923 shares of the specialty retailer's stock valued at $19,610,000 after acquiring an additional 71,618 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Lamb Weston by 155.7% in the 1st quarter. American Century Companies Inc. now owns 131,165 shares of the specialty retailer's stock valued at $6,991,000 after acquiring an additional 79,872 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Lamb Weston in the 1st quarter valued at approximately $445,000. Russell Investments Group Ltd. lifted its position in shares of Lamb Weston by 48.2% in the 1st quarter. Russell Investments Group Ltd. now owns 247,698 shares of the specialty retailer's stock valued at $13,202,000 after acquiring an additional 80,516 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Lamb Weston by 114.7% in the 1st quarter. Public Sector Pension Investment Board now owns 38,275 shares of the specialty retailer's stock valued at $2,040,000 after acquiring an additional 20,448 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Down 0.7%

Shares of Lamb Weston stock traded down $0.39 during midday trading on Thursday, reaching $56.27. 1,142,860 shares of the company's stock traded hands, compared to its average volume of 1,493,061. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The company's 50 day simple moving average is $53.77 and its 200 day simple moving average is $53.62. 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 company has a market cap of $7.84 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.34 and a beta of 0.49.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the business posted $0.78 EPS. Lamb Weston's revenue was up 4.0% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. Equities analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 1st will be paid a $0.37 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a yield of 2.6%. Lamb Weston's dividend payout ratio (DPR) is presently 58.96%.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of research analyst reports. 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 target price for the company. Bank of America cut their target price 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. Wells Fargo & Company increased their target price 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. Barclays increased their target price 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, Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Lamb Weston presently has a consensus rating of "Hold" and a consensus price target of $65.30.

About Lamb Weston

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.