Maryland State Retirement & Pension System Increases Position in Lamb Weston $LW

Maryland State Retirement & Pension System boosted its holdings in shares of Lamb Weston (NYSE:LW) by 304.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,882 shares of the specialty retailer’s stock after purchasing an additional 20,241 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Lamb Weston were worth $1,136,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MCF Advisors LLC increased its position in shares of Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Lamb Weston by 380.7% during the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 571 shares in the last quarter. Transamerica Financial Advisors LLC grew its stake in Lamb Weston by 121.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 619 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Lamb Weston in the 4th quarter valued at $48,000. Finally, SJS Investment Consulting Inc. grew its stake in Lamb Weston by 4,512.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock valued at $49,000 after acquiring an additional 1,128 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LW. Wells Fargo & Company upped their price objective on shares of Lamb Weston from $46.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Lamb Weston in a research note on Wednesday, July 8th. Stephens began coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price target for the company. Barclays decreased their price target on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, BNP Paribas Exane lowered their price objective on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and an average target price of $48.91.

Lamb Weston Trading Down 1.9%

Shares of LW stock opened at $45.61 on Thursday. 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. The stock’s fifty day moving average is $43.94 and its two-hundred day moving average is $43.99. The firm has a market capitalization of $6.30 billion, a P/E ratio of 21.31, a PEG ratio of 6.17 and a beta of 0.47.

Lamb Weston 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.