Strs Ohio Decreases Stake in Lamb Weston $LW

Strs Ohio cut its position in shares of Lamb Weston (NYSE:LW) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 305,217 shares of the specialty retailer’s stock after selling 17,004 shares during the period. Strs Ohio’s holdings in Lamb Weston were worth $12,898,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia increased its stake in Lamb Weston by 2.0% in the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock worth $563,000 after acquiring an additional 189 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of Lamb Weston by 8.0% during the 4th quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 229 shares during the last quarter. Fiduciary Trust Co grew its holdings in shares of Lamb Weston by 7.5% in the third quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 300 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Lamb Weston by 47.1% in the third quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the topic of a number of recent research reports. Stephens assumed coverage on shares of Lamb Weston in a research note on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price target on the stock. BNP Paribas Exane dropped their price objective on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings downgraded shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Wells Fargo & Company lowered their price target on shares of Lamb Weston from $54.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.82.

Insider Buying and Selling at Lamb Weston

In other news, Director Jana Partners Management, Lp bought 50,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average price of $43.19 per share, for a total transaction of $2,159,500.00. Following the acquisition, the director owned 5,398,980 shares of the company’s stock, valued at $233,181,946.20. The trade was a 0.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter J. Bensen purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were purchased at an average cost of $39.45 per share, with a total value of $197,250.00. Following the completion of the purchase, the director owned 17,204 shares in the company, valued at $678,697.80. This trade represents a 40.97% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 391,000 shares of company stock worth $16,270,790. Insiders own 0.29% of the company’s stock.

Lamb Weston Stock Performance

NYSE:LW opened at $45.93 on Friday. The firm has a market capitalization of $6.34 billion, a PE ratio of 21.46, a PEG ratio of 6.12 and a beta of 0.47. The stock’s fifty day moving average is $43.49 and its 200 day moving average is $44.25. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Wednesday, April 1st. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.61 by $0.11. Lamb Weston had a net margin of 4.61% and a return on equity of 23.77%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. Lamb Weston’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Lamb Weston will post 2.85 earnings per share for the current year.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.