Amalgamated Bank Decreases Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Amalgamated Bank trimmed its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 27.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,912 shares of the specialty retailer's stock after selling 11,123 shares during the period. Amalgamated Bank's holdings in Lamb Weston were worth $1,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. City State Bank increased its position in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 150 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Lamb Weston during the first quarter worth about $28,000. Crewe Advisors LLC increased its position in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 261 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Lamb Weston during the third quarter worth about $29,000. Finally, GAMMA Investing LLC increased its position in Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 220 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Down 0.4 %

Shares of NYSE LW traded down $0.30 during midday trading on Wednesday, hitting $80.10. The company's stock had a trading volume of 346,671 shares, compared to its average volume of 2,500,671. The business's fifty day simple moving average is $70.82 and its two-hundred day simple moving average is $74.26. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.44 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, November 1st. Lamb Weston's payout ratio is 33.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, September 24th. Bank of America increased their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Consumer Edge lowered shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, Citigroup increased their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $82.22.

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.