Nuveen LLC Invests $17.11 Million in Lamb Weston $LW

Key Points

• Nuveen LLC has acquired a new position in Lamb Weston, purchasing approximately 321,031 shares valued at $17.11 million during the first quarter.
• Institutional investors own about 89.56% of Lamb Weston, with other hedge funds, such as Envestnet Asset Management, also increasing their stakes in the company.
• Lamb Weston recently reported earnings per share (EPS) of $0.87 for the last quarter, surpassing analysts' expectations, and has announced a quarterly dividend of $0.37 to be paid on August 29th.

Nuveen LLC acquired a new stake in Lamb Weston (NYSE:LW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 321,031 shares of the specialty retailer's stock, valued at approximately $17,111,000. Nuveen LLC owned approximately 0.23% of Lamb Weston at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LW. Romano Brothers AND Company increased its stake in Lamb Weston by 1.4% in the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock valued at $813,000 after purchasing an additional 218 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Lamb Weston by 2.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock valued at $585,000 after purchasing an additional 219 shares during the period. Norinchukin Bank The increased its position in shares of Lamb Weston by 4.0% during the 4th quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock valued at $392,000 after purchasing an additional 227 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Lamb Weston by 4.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock valued at $319,000 after purchasing an additional 230 shares during the period. Finally, Snowden Capital Advisors LLC grew its holdings in shares of Lamb Weston by 8.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer's stock worth $227,000 after acquiring an additional 256 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LW has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Barclays upped their price objective on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Bank of America decreased their price objective on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. began coverage on Lamb Weston in a research report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target for the company. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Lamb Weston has an average rating of "Hold" and a consensus price target of $65.30.

Lamb Weston Stock Performance

Lamb Weston stock traded down $0.8850 during midday trading on Monday, reaching $56.1050. 401,331 shares of the company traded hands, compared to its average volume of 2,329,290. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49. The business has a 50 day moving average of $53.58 and a two-hundred day moving average of $53.61. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68.

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

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston's dividend payout ratio is currently 58.96%.

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.