Lamb Weston Holdings, Inc. (NYSE:LW) Stock Position Lifted by Rodgers Brothers Inc.

Rodgers Brothers Inc. boosted its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 874.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,371 shares of the specialty retailer's stock after acquiring an additional 124,170 shares during the quarter. Lamb Weston accounts for 1.2% of Rodgers Brothers Inc.'s investment portfolio, making the stock its 19th biggest position. Rodgers Brothers Inc. owned 0.10% of Lamb Weston worth $9,247,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Lamb Weston during the 4th quarter valued at $96,736,000. Boston Partners lifted its stake in shares of Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after purchasing an additional 735,901 shares in the last quarter. State Street Corp boosted its position in shares of Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock worth $402,791,000 after buying an additional 549,812 shares during the period. Liberty One Investment Management LLC grew its stake in shares of Lamb Weston by 697.4% in the fourth quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer's stock valued at $23,408,000 after buying an additional 306,343 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Lamb Weston during the 3rd quarter valued at about $19,822,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

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Lamb Weston Stock Performance

LW traded up $5.35 during trading hours on Thursday, hitting $59.50. 10,390,871 shares of the stock were exchanged, compared to its average volume of 2,843,086. 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 Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $103.49. The stock has a 50-day simple moving average of $55.27 and a 200-day simple moving average of $65.65. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.22. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.49%. Lamb Weston's dividend payout ratio is currently 58.50%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LW. StockNews.com upgraded Lamb Weston to a "sell" rating in a report on Monday, February 24th. 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 note on Monday, December 23rd. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, Citigroup lowered Lamb Weston from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. One investment 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 has an average rating of "Hold" and an average target price of $73.55.

Insider Buying and Selling

In other news, Director Robert A. Niblock bought 3,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was 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 in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.72% of the stock is owned by company insiders.

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.