Lamb Weston Holdings Inc (NYSE: LW) is -2.30% lower on its value in year-to-date trading and has touched a low of $81.25 and a high of $117.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LW stock was last observed hovering at around $102.65 in the last trading session, with the day’s gains setting it 2.95%.
Currently trading at $105.60, the stock is 3.28% and 1.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing 2.87% at the moment leaves the stock 3.98% off its SMA200. LW registered 5.40% gain for a year compared to 6-month gain of 12.21%. The firm has a 50-day simple moving average (SMA 50) of $2.96 and a 200-day simple moving average (SMA200) of $13.99.
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The stock witnessed a 3.48% loss in the last 1 month and extending the period to 3 months gives it a 0.86%, and is 1.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.14% over the week and 2.10% over the month.
Lamb Weston Holdings Inc (LW) has around 10200 employees, a market worth around $15.25B and $6.35B in sales. Current P/E ratio is 13.74 and Fwd P/E is 15.91. Profit margin for the company is 17.71%. Distance from 52-week low is 29.96% and -10.04% from its 52-week high. The company has generated returns on investments over the last 12 months (22.84%).
Lamb Weston Holdings Inc quarterly earnings per share for the current quarter are estimated at $1.46 with sales reaching $1.65B over the same period.The EPS is expected to grow by 28.66% this year, but quarterly earnings will post 28.70% year-over-year.
Lamb Weston Holdings Inc (LW) Top Institutional Holders
1,070 institutions hold shares in Lamb Weston Holdings Inc (LW), with institutional investors hold 92.32% of the company’s shares. The shares outstanding are 145.67M, and float is at 141.42M with Short Float at 2.93%. Institutions hold 91.68% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 17.14 million shares valued at $1.97 billion. The investor’s holdings represent 11.83% of the LW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.14 million shares valued at $1.28 billion to account for 7.68% of the shares outstanding. The other top investors are State Street Corporation which holds 5.83 million shares representing 4.02% and valued at over $669.89 million, while Apg Asset Management N.V. holds 3.96% of the shares totaling 5.73 million with a market value of $659.01 million.
Lamb Weston Holdings Inc (LW) Insider Activity
The most recent transaction is an insider purchase by JURGENSEN WILLIAM G,the company’sDirector. SEC filings show that JURGENSEN WILLIAM G bought 3,000 shares of the company’s common stock on Oct 16 ’23 at a price of $84.35 per share for a total of $0.25 million. Following the purchase, the insider now owns 0.16 million shares.
Lamb Weston Holdings Inc disclosed in a document filed with the SEC on Aug 02 ’23 that Spytek Eryk J (GEN COUNSEL & CHIEF COMPL OFF) sold a total of 6,319 shares of the company’s common stock. The trade occurred on Aug 02 ’23 and was made at $103.23 per share for $0.65 million. Following the transaction, the insider now directly holds 1052.0 shares of the LW stock.
Still, SEC filings show that on May 19 ’23, Miller Sharon L. (SENIOR VICE PRESIDENT) disposed off 4,350 shares at an average price of $115.00 for $0.5 million. The insider now directly holds 49,859 shares of Lamb Weston Holdings Inc (LW).
