Nisa Investment Advisors LLC Cuts Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Posted by Defense World Staff on Apr 24th, 2023

Nisa Investment Advisors LLC trimmed its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,016 shares of the specialty retailer’s stock after selling 1,617 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lamb Weston were worth $4,112,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LW. Dupont Capital Management Corp acquired a new stake in Lamb Weston in the third quarter valued at approximately $515,000. Teza Capital Management LLC acquired a new position in Lamb Weston during the third quarter valued at $521,000. WealthPlan Investment Management LLC acquired a new position in Lamb Weston during the third quarter valued at $660,000. Empirical Finance LLC acquired a new position in Lamb Weston during the third quarter valued at $238,000. Finally, Fifth Third Bancorp increased its holdings in Lamb Weston by 19.1% in the fourth quarter. Fifth Third Bancorp now owns 3,430 shares of the specialty retailer’s stock valued at $307,000 after buying an additional 550 shares in the last quarter. 89.87% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of LW opened at $110.35 on Monday. Lamb Weston Holdings, Inc. has a fifty-two week low of $60.59 and a fifty-two week high of $110.92. The firm’s 50 day moving average price is $102.47 and its 200 day moving average price is $93.90. The company has a market cap of $16.08 billion, a P/E ratio of 29.51, a PEG ratio of 0.57 and a beta of 0.53. The company has a quick ratio of 1.57, a current ratio of 2.59 and a debt-to-equity ratio of 4.43.

Lamb Weston (NYSE:LW – Get Rating) last announced its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.45. Lamb Weston had a net margin of 11.27% and a return on equity of 110.40%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm posted $0.73 EPS. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, research analysts forecast that Lamb Weston Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 5th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 4th. Lamb Weston’s dividend payout ratio (DPR) is 29.95%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LW shares. StockNews.com initiated coverage on shares of Lamb Weston in a report on Thursday, March 16th. They issued a “hold” rating for the company. Stifel Nicolaus assumed coverage on shares of Lamb Weston in a research report on Thursday, April 13th. They set a “hold” rating and a $115.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Lamb Weston from $112.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, April 10th. Barclays boosted their target price on shares of Lamb Weston from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, April 10th. Finally, Bank of America upped their price objective on shares of Lamb Weston from $115.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, April 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $118.40.

Lamb Weston Profile

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Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.