Wright Investors Service Inc. raised its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,959 shares of the specialty retailer’s stock after buying an additional 5,438 shares during the quarter. Wright Investors Service Inc.’s holdings in Lamb Weston were worth $1,465,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of LW. Alliancebernstein L.P. grew its position in Lamb Weston by 2.5% in the second quarter. Alliancebernstein L.P. now owns 91,736 shares of the specialty retailer’s stock valued at $4,040,000 after acquiring an additional 2,268 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Lamb Weston by 2.0% during the second quarter. New York State Common Retirement Fund now owns 312,966 shares of the specialty retailer’s stock worth $13,783,000 after purchasing an additional 5,999 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Lamb Weston by 20.2% during the second quarter. UBS Asset Management Americas Inc. now owns 136,522 shares of the specialty retailer’s stock worth $6,012,000 after purchasing an additional 22,987 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Lamb Weston by 2.4% during the second quarter. Vanguard Group Inc. now owns 12,089,698 shares of the specialty retailer’s stock worth $532,430,000 after purchasing an additional 279,578 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Lamb Weston by 2.2% during the second quarter. California Public Employees Retirement System now owns 252,166 shares of the specialty retailer’s stock worth $11,105,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors own 79.50% of the company’s stock.
Lamb Weston Holdings Inc (NYSE:LW) traded down $0.26 during midday trading on Wednesday, hitting $54.28. The stock had a trading volume of 1,100,321 shares, compared to its average volume of 1,281,132. The firm has a market capitalization of $8,054.02, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.86 and a beta of 0.43. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55. Lamb Weston Holdings Inc has a 52 week low of $39.07 and a 52 week high of $60.85.
Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The company had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. During the same quarter last year, the firm posted $0.63 earnings per share. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year. analysts anticipate that Lamb Weston Holdings Inc will post 2.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be given a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is currently 35.19%.
Several brokerages have recently commented on LW. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday, January 25th. Jefferies Group raised their price target on Lamb Weston to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Bank of America raised their price target on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, November 6th. Finally, Stifel Nicolaus raised their price target on Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.14.
In other news, Director Peter J. Bensen bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average price of $58.18 per share, with a total value of $290,900.00. Following the transaction, the director now owns 1,935 shares in the company, valued at $112,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.
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Lamb Weston Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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