Representative Julie Johnson (D-Texas) recently sold shares of Lamb Weston Holdings, Inc. NYSE: LW. In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lamb Weston stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.
Representative Julie Johnson also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
- Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
- Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
- Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
- Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
- Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.
Lamb Weston Stock Performance
NYSE LW traded up $1.20 during trading on Monday, reaching $58.47. 2,019,059 shares of the company's stock were exchanged, compared to its average volume of 2,150,426. The business has a 50 day moving average price of $63.75 and a 200-day moving average price of $67.54. The stock has a market capitalization of $8.34 billion, a P/E ratio of 23.11, a PEG ratio of 1.46 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $107.50.
Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.35). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. Sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.
Lamb Weston Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Lamb Weston's previous quarterly dividend of $0.36. Lamb Weston's payout ratio is 58.50%.
Institutional Investors Weigh In On Lamb Weston
Institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors bought a new stake in Lamb Weston during the fourth quarter worth $423,270,000. Southpoint Capital Advisors LP bought a new stake in Lamb Weston during the third quarter worth $129,480,000. Clarkston Capital Partners LLC lifted its stake in Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock worth $201,207,000 after purchasing an additional 1,618,570 shares during the last quarter. Norges Bank bought a new stake in Lamb Weston during the fourth quarter worth $96,736,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Lamb Weston during the third quarter worth $86,883,000. 89.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on LW. Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 price target on the stock. Bank of America upped their target price on Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and decreased their target price for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Jefferies Financial Group upped their target price on Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a research report on Thursday, December 12th. They issued a "hold" rating and a $81.00 target price on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $81.00.
View Our Latest Stock Report on LW
Insiders Place Their Bets
In other news, Director Robert A. Niblock purchased 3,000 shares of the company's stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles A. Blixt purchased 1,200 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.
About Representative Johnson
Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024.
Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.
About Lamb Weston
(
Get Free Report)
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.
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