Northern Trust Corp Decreases Stock Position 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 stake in shares of Lamb Weston (NYSE:LW - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 0.88% of Lamb Weston worth $65,948,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of Lamb Weston during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Lamb Weston during the 1st quarter worth $28,000. Whipplewood Advisors LLC raised its holdings in shares of Lamb Weston by 3,466.7% during the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 520 shares during the period. Putney Financial Group LLC purchased a new position in shares of Lamb Weston during the 4th quarter worth $34,000. Finally, CX Institutional purchased a new position in shares of Lamb Weston during the 1st quarter worth $48,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 2.3%

Shares of LW stock traded up $1.29 on Friday, hitting $57.54. The stock had a trading volume of 1,115,350 shares, compared to its average volume of 1,392,284. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68. The firm has a market capitalization of $8.02 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.37 and a beta of 0.49. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The company's 50 day moving average price is $53.85 and its 200-day moving average price is $53.56.

Lamb Weston (NYSE:LW - Get Free Report) last posted 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. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. Analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

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

Wall Street Analysts Forecast Growth

LW has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America reduced their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. initiated coverage on Lamb Weston in a report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target on the stock. Finally, Barclays lifted their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.