GWN Securities Inc. Makes New $484,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

GWN Securities Inc. purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,961 shares of the specialty retailer's stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LW. West Oak Capital LLC increased its holdings in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Lamb Weston during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lamb Weston in the fourth quarter valued at approximately $36,000. Prospera Private Wealth LLC bought a new position in Lamb Weston in the 3rd quarter valued at approximately $39,000. Finally, Brooklyn Investment Group acquired a new stake in Lamb Weston during the 3rd quarter worth approximately $40,000. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Up 0.1 %

Shares of Lamb Weston stock traded up $0.07 during trading on Thursday, reaching $52.75. 2,016,704 shares of the company traded hands, compared to its average volume of 2,660,862. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market capitalization of $7.52 billion, a PE ratio of 20.85, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a 50 day moving average price of $56.66 and a 200-day moving average price of $66.29. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $107.50.

Remove Ads

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data 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). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company earned $1.45 EPS. Lamb Weston's revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.81%. Lamb Weston's payout ratio is currently 58.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They set a "hold" rating and a $81.00 price target for the company. Stifel Nicolaus lowered their target price on Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a research report on Friday, December 20th. Jefferies Financial Group increased their price target on Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Finally, Barclays decreased their target price on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston presently has a consensus rating of "Hold" and a consensus price target of $76.73.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles A. Blixt purchased 1,200 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $63.25 per share, with a total value of $75,900.00. Following the acquisition, the director now directly owns 22,982 shares of the company's stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Lamb Weston 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.