Heartland Advisors Inc. Acquires 59,194 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Heartland Advisors Inc. grew its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 78.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,223 shares of the specialty retailer's stock after acquiring an additional 59,194 shares during the period. Heartland Advisors Inc. owned about 0.09% of Lamb Weston worth $8,970,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC increased its holdings in shares of Lamb Weston by 84.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 88,020 shares of the specialty retailer's stock worth $5,882,000 after acquiring an additional 40,309 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Lamb Weston by 15.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 87,682 shares of the specialty retailer's stock worth $5,860,000 after buying an additional 11,553 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Lamb Weston by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,702 shares of the specialty retailer's stock worth $2,921,000 after acquiring an additional 253 shares during the period. Norges Bank acquired a new position in Lamb Weston in the 4th quarter valued at $96,736,000. Finally, Easterly Investment Partners LLC bought a new stake in shares of Lamb Weston during the 4th quarter valued at $2,648,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on LW shares. Stifel Nicolaus dropped their price target on Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a research note on Friday, December 20th. Citigroup cut shares of Lamb Weston from a "buy" rating to a "neutral" rating and dropped their target price for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Jefferies Financial Group upped their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upped their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $74.55.

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Lamb Weston Trading Up 0.3 %

NYSE:LW traded up $0.18 during mid-day trading on Tuesday, hitting $53.48. 2,036,753 shares of the company's stock were exchanged, compared to its average volume of 2,605,838. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $105.31. The company has a 50 day simple moving average of $55.59 and a 200-day simple moving average of $65.81. The firm has a market capitalization of $7.63 billion, a P/E ratio of 21.14, a PEG ratio of 1.40 and a beta of 0.76.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, May 2nd. Lamb Weston's payout ratio is presently 58.50%.

Insider Buying and Selling at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company's stock.

Lamb Weston Company 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.