Ellington Management Group LLC acquired a new stake in Lamb Weston Holdings (NYSE:LW) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,600 shares of the specialty retailer’s stock, valued at approximately $373,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ferris Capital LLC acquired a new stake in Lamb Weston during the 4th quarter valued at $309,000. Bodenholm Capital AB lifted its holdings in Lamb Weston by 6.8% during the 3rd quarter. Bodenholm Capital AB now owns 936,000 shares of the specialty retailer’s stock valued at $43,602,000 after purchasing an additional 60,000 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Lamb Weston by 5.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,979,304 shares of the specialty retailer’s stock valued at $92,810,000 after purchasing an additional 100,388 shares during the last quarter. Employees Retirement System of Texas lifted its holdings in Lamb Weston by 49.9% during the 4th quarter. Employees Retirement System of Texas now owns 483,666 shares of the specialty retailer’s stock valued at $27,303,000 after purchasing an additional 161,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in Lamb Weston by 2,176.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 458,095 shares of the specialty retailer’s stock valued at $21,480,000 after purchasing an additional 437,971 shares during the last quarter. 80.63% of the stock is owned by institutional investors.
LW stock traded up $0.31 during trading hours on Friday, hitting $61.78. 1,652,389 shares of the stock were exchanged, compared to its average volume of 1,062,375. The company has a debt-to-equity ratio of -5.98, a current ratio of 1.72 and a quick ratio of 0.53. The stock has a market capitalization of $9,033.72, a price-to-earnings ratio of 24.42, a PEG ratio of 1.98 and a beta of 0.78. Lamb Weston Holdings has a 12 month low of $40.75 and a 12 month high of $62.83.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $863.40 million for the quarter, compared to analysts’ expectations of $813.81 million. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. research analysts expect that Lamb Weston Holdings will post 2.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 4th will be given a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 3rd. Lamb Weston’s payout ratio is currently 32.76%.
In related news, Director Peter J. Bensen purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were bought at an average price of $58.18 per share, for a total transaction of $290,900.00. Following the completion of the transaction, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.
Several equities research analysts have issued reports on LW shares. 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. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Thursday, January 25th. Morgan Stanley increased their price objective on Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $64.00 price objective (up previously from $58.00) on shares of Lamb Weston in a research report on Monday, January 22nd. 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 company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.71.
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Lamb Weston Company Profile
Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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