Rep. Robert Bresnahan, Jr. Sells Lamb Weston Holdings, Inc. (NYSE:LW) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Lamb Weston Holdings, Inc. (NYSE:LW). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lamb Weston stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.

Lamb Weston Trading Up 2.1 %

Shares of LW stock opened at $58.47 on Friday. The stock’s fifty day moving average is $64.14 and its two-hundred day moving average is $67.49. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm 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. 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) last issued its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion during 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%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the business earned $1.45 earnings per share. Research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.53%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LW shares. JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Bank of America lifted 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. Jefferies Financial Group lifted 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. Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company. Finally, Barclays decreased their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus price target of $81.00.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock bought 3,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt bought 1,200 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the acquisition, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lamb Weston

Institutional investors have recently added to or reduced their stakes in the business. HB Wealth Management LLC lifted its stake in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 817 shares during the last quarter. Nicola Wealth Management LTD. purchased a new stake in Lamb Weston during the third quarter worth approximately $6,474,000. Clarkston Capital Partners LLC lifted its stake in Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after buying an additional 1,618,570 shares during the last quarter. Insight Wealth Strategies LLC lifted its stake in Lamb Weston by 36.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer’s stock valued at $4,140,000 after buying an additional 16,412 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock valued at $10,115,000 after buying an additional 44,057 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.