Royal London Asset Management Ltd. Has $46.49 Million Stock Position in Lamb Weston $LW

Royal London Asset Management Ltd. boosted its position in shares of Lamb Weston (NYSE:LW) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,076,579 shares of the specialty retailer’s stock after purchasing an additional 10,398 shares during the quarter. Royal London Asset Management Ltd. owned about 0.78% of Lamb Weston worth $46,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Kimelman & Baird LLC bought a new position in shares of Lamb Weston in the 2nd quarter valued at about $43,000. Corient Private Wealth LP bought a new stake in shares of Lamb Weston during the second quarter worth approximately $1,197,000. Freestone Grove Partners LP acquired a new position in Lamb Weston in the second quarter valued at approximately $12,265,000. Man Group plc bought a new position in Lamb Weston in the second quarter valued at approximately $963,000. Finally, Jupiter Topco LLC bought a new position in Lamb Weston in the second quarter valued at approximately $21,560,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Up 0.3%

Lamb Weston stock opened at $54.94 on Friday. The company has a 50 day moving average of $49.76 and a 200-day moving average of $45.90. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The stock has a market capitalization of $7.55 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.46.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities research analysts anticipate that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

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

Wall Street Analyst Weigh In

LW has been the subject of a number of analyst reports. Wall Street Zen raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. TD Cowen raised their price target on Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Wells Fargo & Company lifted their price objective on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Barclays increased their price target on shares of Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, Stephens boosted their price objective on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus target price of $53.36.

About Lamb Weston

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.