Leeward Investments LLC MA Reduces Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Leeward Investments LLC MA lowered its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 20.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,569 shares of the specialty retailer's stock after selling 28,655 shares during the quarter. Leeward Investments LLC MA owned about 0.08% of Lamb Weston worth $7,158,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LW. City State Bank grew its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after buying an additional 150 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Lamb Weston during the first quarter valued at $28,000. Crewe Advisors LLC raised its position in shares of Lamb Weston by 357.5% in the 2nd 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 bought a new position in Lamb Weston in the 3rd quarter worth about $29,000. Finally, GAMMA Investing LLC grew its position in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

LW stock traded up $0.82 during trading on Friday, reaching $81.12. The company's stock had a trading volume of 484,853 shares, compared to its average volume of 2,516,533. The company's fifty day moving average is $69.67 and its 200-day moving average is $74.44. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a market capitalization of $11.57 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $1.63 EPS. The company's revenue was down .7% on a year-over-year basis. On average, research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, November 1st. Lamb Weston's dividend payout ratio is presently 33.80%.

Analysts Set New Price Targets

Several analysts have commented on LW shares. Stifel Nicolaus increased their target price on Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Citigroup lifted their price objective on Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Bank of America upped their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. TD Cowen boosted their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Company raised their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $82.22.

About Lamb Weston

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.