State of Alaska Department of Revenue Has $1.09 Million Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

State of Alaska Department of Revenue grew its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,780 shares of the specialty retailer’s stock after buying an additional 1,130 shares during the period. State of Alaska Department of Revenue’s holdings in Lamb Weston were worth $1,086,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Lamb Weston by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock valued at $1,778,533,000 after buying an additional 60,601 shares during the last quarter. TPG GP A LLC boosted its holdings in Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after acquiring an additional 1,247,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Lamb Weston by 5.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock valued at $171,993,000 after purchasing an additional 114,049 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after purchasing an additional 830,511 shares during the period. Finally, Champlain Investment Partners LLC lifted its position in shares of Lamb Weston by 11.7% during the 1st quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock worth $131,396,000 after purchasing an additional 129,120 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.5 %

LW stock opened at $77.46 on Tuesday. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The business’s 50 day moving average is $68.58 and its 200-day moving average is $74.37. The firm has a market cap of $11.05 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.39 and a beta of 0.72.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 earnings per share. Equities analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

Wall Street Analyst Weigh In

Several brokerages have commented on LW. Barclays lifted their price target on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. TD Cowen upped their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group decreased their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Bank of America upped their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.22.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.