Nicholas Company Inc. Has $11.15 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Nicholas Company Inc. cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,847 shares of the specialty retailer's stock after selling 15,616 shares during the quarter. Nicholas Company Inc. owned 0.12% of Lamb Weston worth $11,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. West Oak Capital LLC increased its stake in Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 274 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston in the fourth quarter worth $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston in the fourth quarter valued at about $36,000. Prospera Private Wealth LLC bought a new stake in Lamb Weston during the third quarter worth about $39,000. Finally, Brooklyn Investment Group acquired a new stake in Lamb Weston during the third quarter worth about $40,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Up 0.1 %

Shares of NYSE:LW traded up $0.07 during midday trading on Thursday, hitting $52.75. 2,016,704 shares of the stock were exchanged, compared to its average volume of 2,724,838. The business's 50-day moving average price is $56.66 and its 200 day moving average price is $66.29. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $107.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

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Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company's revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. Analysts predict 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 issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.81%. Lamb Weston's payout ratio is 58.50%.

Insider Buying and Selling

In other news, Director Charles A. Blixt acquired 1,200 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the transaction, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now directly owns 26,406 shares of the company's stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They set a "hold" rating and a $81.00 price target on the stock. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and reduced their target price for the company from $90.00 to $68.00 in a report on Friday, December 20th. Barclays lowered their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Finally, StockNews.com raised Lamb Weston to a "sell" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $76.73.

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.