State of Wyoming Invests $433,000 in Lamb Weston $LW

State of Wyoming acquired a new position in shares of Lamb Weston (NYSE:LW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,026 shares of the specialty retailer’s stock, valued at approximately $433,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Lamb Weston by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock valued at $698,692,000 after buying an additional 43,766 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Lamb Weston by 27.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after buying an additional 2,111,874 shares in the last quarter. State Street Corp boosted its stake in Lamb Weston by 1.1% during the second quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after buying an additional 63,865 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lamb Weston by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock valued at $147,536,000 after buying an additional 21,256 shares during the period. Finally, Invesco Ltd. increased its holdings in Lamb Weston by 2.5% in the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock valued at $190,869,000 after buying an additional 79,257 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Lamb Weston stock opened at $52.42 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74. The stock has a fifty day moving average price of $48.06 and a two-hundred day moving average price of $45.42. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The firm has a market capitalization of $7.21 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.37 and a beta of 0.46.

Lamb Weston (NYSE:LW) last issued its earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, analysts anticipate that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio (DPR) is currently 73.08%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Sanford C. Bernstein increased their price target on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. TD Cowen raised their price target on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $52.00 price target on shares of Lamb Weston in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.36.

Lamb Weston Company Profile

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.