New Mexico Educational Retirement Board Trims Stock Position in Lamb Weston Holdings Inc (NYSE:LW)

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New Mexico Educational Retirement Board lessened its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,990 shares of the specialty retailer’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Lamb Weston were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of LW. AMI Asset Management Corp acquired a new stake in shares of Lamb Weston in the second quarter valued at about $41,482,000. Enlightenment Research LLC purchased a new position in shares of Lamb Weston in the second quarter worth about $427,000. Great Lakes Advisors LLC lifted its stake in shares of Lamb Weston by 2.3% in the second quarter. Great Lakes Advisors LLC now owns 197,163 shares of the specialty retailer’s stock worth $12,493,000 after buying an additional 4,416 shares in the last quarter. National Asset Management Inc. lifted its stake in shares of Lamb Weston by 29.9% in the second quarter. National Asset Management Inc. now owns 6,780 shares of the specialty retailer’s stock worth $431,000 after buying an additional 1,560 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Lamb Weston by 9.1% in the second quarter. CIBC Asset Management Inc now owns 17,369 shares of the specialty retailer’s stock worth $1,100,000 after buying an additional 1,447 shares in the last quarter. 91.38% of the stock is owned by hedge funds and other institutional investors.

LW stock traded up $0.16 during trading on Wednesday, reaching $68.61. 64,870 shares of the stock were exchanged, compared to its average volume of 1,085,708. The business has a 50 day moving average price of $66.98 and a 200-day moving average price of $67.25. Lamb Weston Holdings Inc has a 1 year low of $58.83 and a 1 year high of $83.86. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.64 and a beta of 0.19.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, July 23rd. The specialty retailer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Lamb Weston had a net margin of 12.48% and a negative return on equity of 402.03%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $972.49 million. During the same period in the previous year, the firm earned $0.65 earnings per share. Lamb Weston’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts expect that Lamb Weston Holdings Inc will post 3.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, August 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 24.84%.

Several equities analysts have recently weighed in on LW shares. JPMorgan Chase & Co. started coverage on shares of Lamb Weston in a research note on Monday, June 17th. They issued a “neutral” rating and a $65.00 price target on the stock. Bank of America raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price target on the stock in a research note on Friday, July 26th. Finally, Goldman Sachs Group raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Wednesday, June 19th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.71.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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