Hohimer Wealth Management LLC Purchases New Shares in Lamb Weston $LW

Hohimer Wealth Management LLC acquired a new stake in shares of Lamb Weston (NYSE:LW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,422 shares of the specialty retailer’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Lamb Weston in the 2nd quarter worth about $25,000. Heritage Family Offices LLP purchased a new position in Lamb Weston during the 3rd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in Lamb Weston during the second quarter worth about $29,000. Bell Investment Advisors Inc bought a new stake in Lamb Weston during the second quarter worth about $36,000. Finally, Kimelman & Baird LLC bought a new stake in Lamb Weston during the second quarter worth about $43,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LW. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, July 27th. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Sanford C. Bernstein raised their price objective on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research report on Tuesday, July 28th. Finally, Freedom Broker began coverage on Lamb Weston in a research report on Wednesday, November 4th. They set a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.82.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $56.95 on Tuesday. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $62.87. The firm’s 50-day moving average is $50.04 and its 200 day moving average is $46.96. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.05 and a beta of 0.49. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.45 and a quick ratio of 0.77.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 3.85% and a return on equity of 23.27%. Lamb Weston’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. Sell-side analysts anticipate that Lamb Weston will post 3.24 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 6th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, November 6th. Lamb Weston’s payout ratio is presently 83.06%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc is a food company that produces and markets frozen potato products. Its offerings include French fries, sweet potato products and other potato-based sides and appetizers.

The company serves foodservice customers, including restaurants and other commercial food providers, as well as retail customers through grocery stores and other channels. Its products are sold in North America and international markets.

Lamb Weston traces its roots to a potato-processing business founded by Gilbert Lamb in 1950 in Weston, Oregon.