Strs Ohio Purchases 3,256 Shares of Lamb Weston $LW

Strs Ohio lifted its position in Lamb Weston (NYSE:LW) by 1.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 203,256 shares of the specialty retailer’s stock after buying an additional 3,256 shares during the period. Strs Ohio’s holdings in Lamb Weston were worth $10,539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Lamb Weston by 50.7% in the second quarter. Assetmark Inc. now owns 44,724 shares of the specialty retailer’s stock worth $2,319,000 after purchasing an additional 15,053 shares during the period. GWN Securities Inc. increased its stake in Lamb Weston by 32.5% in the 2nd quarter. GWN Securities Inc. now owns 85,626 shares of the specialty retailer’s stock worth $4,459,000 after acquiring an additional 20,988 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Lamb Weston by 2.7% in the second quarter. Teacher Retirement System of Texas now owns 20,416 shares of the specialty retailer’s stock worth $1,059,000 after purchasing an additional 540 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Lamb Weston by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 791,947 shares of the specialty retailer’s stock worth $41,062,000 after purchasing an additional 68,732 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of Lamb Weston by 10.8% in the second quarter. Wealthfront Advisers LLC now owns 5,228 shares of the specialty retailer’s stock worth $271,000 after purchasing an additional 508 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW stock opened at $61.73 on Friday. The firm’s fifty day moving average is $59.85 and its 200 day moving average is $55.60. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The firm has a market cap of $8.60 billion, a P/E ratio of 29.54, a P/E/G ratio of 4.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.77 and a current ratio of 1.49.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The firm had revenue of $1.15 billion for the quarter. Research analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors 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 yield of 2.4%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is presently 70.81%.

Analyst Ratings Changes

A number of equities analysts have recently commented on LW shares. Zacks Research raised shares of Lamb Weston from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Cfra Research raised Lamb Weston to a “hold” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on Lamb Weston in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price on the stock. BNP Paribas Exane increased their target price on Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Stifel Nicolaus set a $66.00 price objective on Lamb Weston in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $65.70.

Lamb Weston Company 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.