Public Employees Retirement System of Ohio Cuts Stake in Lamb Weston $LW

Public Employees Retirement System of Ohio reduced its stake in shares of Lamb Weston (NYSE:LW) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,297 shares of the specialty retailer’s stock after selling 1,457 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Lamb Weston were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp grew its holdings in Lamb Weston by 13.9% during the 2nd quarter. Fifth Third Bancorp now owns 8,116 shares of the specialty retailer’s stock valued at $421,000 after buying an additional 988 shares in the last quarter. Revisor Wealth Management LLC bought a new position in shares of Lamb Weston during the 2nd quarter valued at approximately $297,000. MFA Wealth Advisors LLC boosted its position in shares of Lamb Weston by 8.6% during the 2nd quarter. MFA Wealth Advisors LLC now owns 4,515 shares of the specialty retailer’s stock valued at $234,000 after acquiring an additional 356 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Lamb Weston by 96.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,449 shares of the specialty retailer’s stock valued at $127,000 after acquiring an additional 1,201 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Lamb Weston by 15.6% during the 2nd quarter. Park Avenue Securities LLC now owns 14,168 shares of the specialty retailer’s stock valued at $735,000 after acquiring an additional 1,910 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on LW. Cowen reiterated a “hold” rating on shares of Lamb Weston in a research report on Wednesday. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the company a “market perform” rating in a research report on Wednesday. Bank of America increased their target price on Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays increased their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. began coverage on Lamb Weston in a research report on Wednesday, August 20th. They set a “neutral” rating and a $57.00 target price for the company. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $65.56.

Lamb Weston Stock Up 0.3%

NYSE:LW opened at $62.21 on Friday. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 6.51 and a beta of 0.52. The stock has a fifty day simple moving average of $56.03 and a 200-day simple moving average of $54.15. The company has a current ratio of 1.49, a quick ratio of 0.68 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, September 30th. The specialty retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.21. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. Analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is 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.