Redwood Investment Management LLC Reduces 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 position in Lamb Weston (NYSE:LW - Free Report) by 57.7% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LW. Wayfinding Financial LLC acquired a new stake in Lamb Weston in the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Lamb Weston in the 1st quarter valued at about $28,000. Whipplewood Advisors LLC lifted its stake in Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 520 shares during the last quarter. Putney Financial Group LLC bought a new position in Lamb Weston in the 4th quarter valued at about $34,000. Finally, CX Institutional bought a new position in Lamb Weston in the 1st quarter valued at about $48,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Down 1.9%

Shares of LW stock traded down $1.08 on Tuesday, hitting $56.45. 248,522 shares of the company's stock traded hands, compared to its average volume of 2,292,760. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.37 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. The company's fifty day simple moving average is $53.92 and its 200 day simple moving average is $53.56. Lamb Weston has a one year low of $47.87 and a one year high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations 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 company posted $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. Equities analysts forecast that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price target on the stock. Bank of America lowered their price target 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. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Barclays raised their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.