First Nebraska Trust Co Makes New Investment in Lamb Weston $LW

First Nebraska Trust Co bought a new stake in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 123,873 shares of the specialty retailer’s stock, valued at approximately $5,349,000.

A number of other large investors have also recently made changes to their positions in LW. BlackRock Inc. bought a new stake in shares of Lamb Weston in the second quarter worth $730,276,000. Norges Bank bought a new position in Lamb Weston in the fourth quarter valued at about $125,662,000. Price T Rowe Associates Inc. MD lifted its holdings in Lamb Weston by 27.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after acquiring an additional 2,111,874 shares during the period. Ion Asset Management Ltd. purchased a new position in Lamb Weston in the second quarter worth about $84,379,000. Finally, Bank of New York Mellon Corp purchased a new position in Lamb Weston in the second quarter worth about $51,521,000. 89.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stephens boosted their price target on Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. TD Cowen increased their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $52.00 price objective on shares of Lamb Weston in a report on Monday, July 27th. Wells Fargo & Company upped their target price on shares of Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Wall Street Zen upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Lamb Weston currently has an average rating of “Hold” and an average price target of $53.36.

Lamb Weston Stock Performance

Shares of LW opened at $53.58 on Friday. The business has a 50-day simple moving average of $48.75 and a two-hundred day simple moving average of $45.63. 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 52 week low of $37.62 and a 52 week high of $67.07. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.39 and a beta of 0.46.

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

Lamb Weston Dividend Announcement

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

Lamb Weston Company Profile

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.