Redwood Investment Management LLC Lowers Stock Holdings in Lamb Weston $LW

Key Points

• Redwood Investment Management LLC has significantly reduced its stake in Lamb Weston by 57.7%, owning 15,194 shares after selling 20,703 during the first quarter, with holdings valued at approximately $810,000.
• Analysts have varied opinions on Lamb Weston, with Wells Fargo raising their price target to $66.00 while Bank of America lowered it to $56.00, resulting in a consensus target price of $65.30.
• Lamb Weston reported strong quarterly earnings, with an EPS of $0.87, exceeding estimates by $0.23, coupled with a 4.0% increase in revenue year-over-year.

Redwood Investment Management LLC reduced its holdings in Lamb Weston (NYSE:LW - Free Report) by 57.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,194 shares of the specialty retailer's stock after selling 20,703 shares during the period. Redwood Investment Management LLC's holdings in Lamb Weston were worth $810,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Wayfinding Financial LLC acquired a new stake in Lamb Weston in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Lamb Weston during the first quarter valued at $28,000. Whipplewood Advisors LLC lifted its holdings in Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 520 shares in the last quarter. Putney Financial Group LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at about $34,000. Finally, CX Institutional purchased a new stake in shares of Lamb Weston during the first quarter worth about $48,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Lamb Weston Stock Performance

NYSE LW opened at $56.71 on Thursday. 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 stock's fifty day moving average is $53.71 and its two-hundred day moving average is $53.63. The firm has a market capitalization of $7.90 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 2.33 and a beta of 0.49. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.64 by $0.23. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates 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 firm earned $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.