Easterly Investment Partners LLC bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 39,619 shares of the specialty retailer's stock, valued at approximately $2,648,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alberta Investment Management Corp purchased a new position in Lamb Weston in the fourth quarter worth $2,641,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Lamb Weston in the fourth quarter valued at about $2,850,000. Leeward Investments LLC MA boosted its holdings in Lamb Weston by 41.5% during the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock worth $10,457,000 after buying an additional 45,904 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after acquiring an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after acquiring an additional 16,092 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.
Lamb Weston Trading Down 2.0 %
NYSE:LW traded down $1.06 during trading hours on Monday, reaching $52.95. 608,538 shares of the company were exchanged, compared to its average volume of 2,788,054. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $105.55. The stock has a 50 day simple moving average of $55.73 and a 200 day simple moving average of $65.88. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.
Lamb Weston Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.80%. Lamb Weston's dividend payout ratio is presently 58.50%.
Insider Transactions at Lamb Weston
In other Lamb Weston news, Director Robert A. Niblock acquired 3,000 shares of the company's stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on LW. JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Jefferies Financial Group increased their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. StockNews.com raised Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Sanford C. Bernstein assumed coverage on Lamb Weston in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and an average target price of $74.55.
Check Out Our Latest Analysis on Lamb Weston
About Lamb Weston
(
Free Report)
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.
Further Reading
Before you consider Lamb Weston, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamb Weston wasn't on the list.
While Lamb Weston currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
