National Bank of Canada FI Has $4.70 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

National Bank of Canada FI lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,287 shares of the specialty retailer's stock after buying an additional 8,952 shares during the period. National Bank of Canada FI's holdings in Lamb Weston were worth $4,697,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LW. Norges Bank acquired a new position in Lamb Weston in the fourth quarter valued at about $96,736,000. Boston Partners grew its position in shares of Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after purchasing an additional 735,901 shares during the period. State Street Corp increased its stake in Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock worth $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Liberty One Investment Management LLC raised its holdings in Lamb Weston by 697.4% during the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer's stock worth $23,408,000 after buying an additional 306,343 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Lamb Weston during the 4th quarter worth approximately $19,802,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LW. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $68.00 to $63.00 and set a "hold" rating for the company in a research report on Friday, April 4th. StockNews.com raised shares of Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Jefferies Financial Group cut their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday. Barclays reduced their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $71.27.

Remove Ads

Lamb Weston Stock Performance

Shares of LW traded up $0.71 during midday trading on Friday, reaching $54.62. The stock had a trading volume of 2,206,966 shares, compared to its average volume of 2,702,042. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The firm has a 50 day simple moving average of $54.33 and a 200-day simple moving average of $65.04. The firm has a market cap of $7.79 billion, a PE ratio of 21.59, a P/E/G ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 2.71%. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Insider Buying and Selling at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were bought at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares of the company's stock, valued at $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 the SEC website. Corporate insiders own 0.72% of the company's stock.

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.