Royal London Asset Management Ltd. Acquires 10,398 Shares of Lamb Weston $LW

Royal London Asset Management Ltd. grew its holdings in Lamb Weston (NYSE:LW) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,076,579 shares of the specialty retailer’s stock after purchasing an additional 10,398 shares during the period. Royal London Asset Management Ltd.’s holdings in Lamb Weston were worth $46,487,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Lamb Weston during the second quarter worth $730,276,000. Norges Bank acquired a new stake in Lamb Weston in the 4th quarter valued at $125,662,000. Price T Rowe Associates Inc. MD increased its stake in Lamb Weston by 27.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after buying an additional 2,111,874 shares during the last quarter. Ion Asset Management Ltd. bought a new stake in Lamb Weston during the 2nd quarter worth about $84,379,000. Finally, Bank of New York Mellon Corp bought a new stake in Lamb Weston during the 2nd quarter worth about $51,521,000. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, July 27th. Wells Fargo & Company upped their target price on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Wall Street Zen raised Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Sanford C. Bernstein raised their price target on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.36.

Lamb Weston Trading Up 0.3%

Shares of Lamb Weston stock opened at $54.94 on Friday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.45 and a beta of 0.46. The business has a fifty day simple moving average of $49.76 and a two-hundred day simple moving average of $45.90. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74.

Lamb Weston (NYSE:LW) last posted its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. Lamb Weston’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Research analysts forecast that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio is currently 73.08%.

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.