First Financial Bankshares Inc Decreases Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

First Financial Bankshares Inc lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,588 shares of the specialty retailer's stock after selling 10,914 shares during the quarter. First Financial Bankshares Inc owned about 0.06% of Lamb Weston worth $5,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. West Oak Capital LLC boosted 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 valued at $30,000 after purchasing an additional 274 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Lamb Weston during the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lamb Weston during the 4th quarter valued at approximately $36,000. Prospera Private Wealth LLC acquired a new stake in shares of Lamb Weston during the 3rd quarter valued at approximately $39,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Lamb Weston during the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 0.8 %

Shares of NYSE LW traded up $0.41 during trading on Friday, hitting $53.16. 4,602,533 shares of the company traded hands, compared to its average volume of 2,742,398. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $107.50. The company has a 50-day moving average price of $56.34 and a 200-day moving average price of $66.20. The firm has a market capitalization of $7.58 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

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Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The firm's quarterly revenue was down 7.5% on a year-over-year basis. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. Lamb Weston's dividend payout ratio is presently 58.50%.

Insider Activity

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost 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 approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 acquired at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares in the company, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LW. 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 report on Monday, December 16th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a research report on Thursday, December 12th. They set a "hold" rating and a $81.00 price objective for the company. StockNews.com upgraded Lamb Weston to a "sell" rating in a research report on Monday, February 24th. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and cut their price target for the company from $90.00 to $68.00 in a report on Friday, December 20th. Finally, Stifel Nicolaus cut their price target on Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $76.73.

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.