New York State Teachers Retirement System Raises Stock Holdings in Lamb Weston $LW

New York State Teachers Retirement System raised its stake in shares of Lamb Weston (NYSE:LW) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,000 shares of the specialty retailer’s stock after purchasing an additional 13,986 shares during the quarter. New York State Teachers Retirement System’s holdings in Lamb Weston were worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Lamb Weston during the 4th quarter valued at $125,662,000. M&T Bank Corp raised its position in Lamb Weston by 45,177.0% during the fourth quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock valued at $118,768,000 after purchasing an additional 2,828,983 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 2,111,874 shares during the last quarter. Ion Asset Management Ltd. bought a new position in shares of Lamb Weston during the 2nd quarter valued at about $84,379,000. Finally, SG Americas Securities LLC raised its holdings in shares of Lamb Weston by 2,682.3% during the 4th quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock valued at $33,584,000 after buying an additional 772,893 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of LW stock opened at $46.56 on Wednesday. The company has a market capitalization of $6.43 billion, a P/E ratio of 21.76, a PEG ratio of 6.14 and a beta of 0.47. 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 has a 50 day moving average price of $43.58 and a two-hundred day moving average price of $43.96.

Analysts Set New Price Targets

A number of research analysts have commented on LW shares. Barclays reduced 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 report on Thursday, April 2nd. BNP Paribas Exane lowered their price objective on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. JPMorgan Chase & Co. cut their price objective on shares of Lamb Weston from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Stephens initiated coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $47.82.

Insider Activity at Lamb Weston

In other news, Director Jana Partners Management, Lp purchased 100,000 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was bought at an average cost of $42.12 per share, for a total transaction of $4,212,000.00. Following the acquisition, the director directly owned 5,348,980 shares of the company’s stock, valued at $225,299,037.60. This represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

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.