HighTower Advisors LLC Sells 1,748 Shares of Lamb Weston $LW

HighTower Advisors LLC lessened its stake in shares of Lamb Weston (NYSE:LW) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,830 shares of the specialty retailer’s stock after selling 1,748 shares during the period. HighTower Advisors LLC’s holdings in Lamb Weston were worth $2,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Romano Brothers AND Company increased its stake in shares of Lamb Weston by 1.4% in the 1st quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer’s stock valued at $813,000 after purchasing an additional 218 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Lamb Weston by 2.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer’s stock valued at $585,000 after purchasing an additional 219 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Lamb Weston by 4.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer’s stock valued at $319,000 after purchasing an additional 230 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in shares of Lamb Weston by 8.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer’s stock valued at $227,000 after purchasing an additional 256 shares during the last quarter. Finally, Smith Thornton Advisors LLC increased its stake in shares of Lamb Weston by 6.8% in the 1st quarter. Smith Thornton Advisors LLC now owns 4,300 shares of the specialty retailer’s stock valued at $229,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LW shares. Bank of America decreased their price target on Lamb Weston from $60.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 18th. Wells Fargo & Company boosted their price objective on Lamb Weston from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Barclays boosted their price objective on Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on Lamb Weston in a research report on Wednesday. They set a “neutral” rating and a $57.00 price objective on the stock. Finally, Wall Street Zen upgraded Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $65.30.

Lamb Weston Stock Up 4.1%

Shares of LW opened at $56.8890 on Friday. The company has a market capitalization of $7.93 billion, a PE ratio of 22.67, a PEG ratio of 2.36 and a beta of 0.49. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The stock’s 50-day moving average price is $53.58 and its two-hundred day moving average price is $53.65. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.64 by $0.23. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. On average, analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.6%. Lamb Weston’s payout ratio is presently 58.96%.

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.