Texas Permanent School Fund Corp Has $2.01 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Texas Permanent School Fund Corp trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,872 shares of the specialty retailer’s stock after selling 5,973 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Lamb Weston were worth $2,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its stake in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Lamb Weston during the 1st quarter valued at $28,000. Crewe Advisors LLC lifted its stake in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Lamb Weston during the first quarter worth $32,000. Finally, GAMMA Investing LLC increased its holdings in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.66% of the company’s stock.

Lamb Weston Stock Performance

LW opened at $65.69 on Wednesday. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 5.96 and a beta of 0.75. The business’s 50-day moving average price is $64.21 and its two-hundred day moving average price is $80.23. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Equities analysts expect that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a $0.36 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.19%. Lamb Weston’s payout ratio is currently 19.23%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Citigroup reduced their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Finally, Bank of America raised their price objective on Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.20.

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.