Virtu Financial LLC bought a new position in Lamb Weston Holdings (NYSE:LW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,767 shares of the specialty retailer’s stock, valued at approximately $269,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in Lamb Weston by 844.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock valued at $107,000 after acquiring an additional 1,688 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Lamb Weston by 28.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 207,863 shares of the specialty retailer’s stock valued at $11,734,000 after acquiring an additional 46,141 shares in the last quarter. BlackRock Inc. grew its stake in Lamb Weston by 5.0% during the fourth quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer’s stock valued at $743,124,000 after acquiring an additional 622,607 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Lamb Weston by 8.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,678,112 shares of the specialty retailer’s stock valued at $94,730,000 after acquiring an additional 127,686 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new position in Lamb Weston during the fourth quarter valued at approximately $1,146,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.
Several equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday. Jefferies Group reissued a “buy” rating and issued a $66.00 price target on shares of Lamb Weston in a research note on Thursday. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Thursday, March 29th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lamb Weston has an average rating of “Buy” and a consensus price target of $59.71.
LW stock traded up $0.31 during midday trading on Friday, reaching $61.78. The company had a trading volume of 1,652,389 shares, 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. Lamb Weston Holdings has a 1 year low of $40.75 and a 1 year high of $62.83. The stock has a market cap of $9,033.72, a PE ratio of 24.42, a P/E/G ratio of 1.98 and a beta of 0.78.
Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.11. The business had revenue of $863.40 million during the quarter, compared to analysts’ expectations of $813.81 million. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. research analysts expect that Lamb Weston Holdings will post 2.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be issued a $0.1913 dividend. The ex-dividend date is Thursday, May 3rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.24%. Lamb Weston’s payout ratio is 32.76%.
In other Lamb Weston news, Director Peter J. Bensen acquired 5,000 shares of the stock in a transaction dated Monday, January 8th. The stock was purchased at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the acquisition, the director now owns 1,935 shares in the company, valued at approximately $112,578.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/08/virtu-financial-llc-takes-269000-position-in-lamb-weston-holdings-inc-lw.html.
About Lamb Weston
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.
Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.