Insight Wealth Strategies LLC Purchases 16,412 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Insight Wealth Strategies LLC raised its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 36.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,950 shares of the specialty retailer's stock after purchasing an additional 16,412 shares during the period. Insight Wealth Strategies LLC's holdings in Lamb Weston were worth $4,140,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of LW. Southpoint Capital Advisors LP bought a new stake in Lamb Weston during the 3rd quarter worth approximately $129,480,000. Clarkston Capital Partners LLC increased its position in shares of Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Lamb Weston during the third quarter worth $86,883,000. TPG GP A LLC lifted its position in Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer's stock valued at $245,869,000 after acquiring an additional 1,247,206 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock worth $158,790,000 after purchasing an additional 830,511 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LW. Barclays dropped their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a "hold" rating and a $81.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Citigroup lowered shares of Lamb Weston from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Finally, Bank of America boosted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $81.00.

Lamb Weston Stock Performance

Shares of LW traded down $2.34 during mid-day trading on Monday, reaching $63.19. The company's stock had a trading volume of 3,161,297 shares, compared to its average volume of 2,189,663. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The stock has a market cap of $9.01 billion, a P/E ratio of 14.83, a PEG ratio of 1.42 and a beta of 0.73. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $110.61. The business has a 50-day simple moving average of $74.86 and a two-hundred day simple moving average of $71.04.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a $0.37 dividend. The ex-dividend date is Friday, January 31st. This is an increase from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 2.34%. Lamb Weston's payout ratio is 58.50%.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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.