Natixis Advisors LLC Purchases 23,831 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Natixis Advisors LLC lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 18.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,680 shares of the specialty retailer's stock after purchasing an additional 23,831 shares during the quarter. Natixis Advisors LLC owned 0.11% of Lamb Weston worth $12,921,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. WFA Asset Management Corp lifted its stake in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Lamb Weston during the 1st quarter worth $28,000. Redmont Wealth Advisors LLC acquired a new stake in Lamb Weston in the first quarter valued at about $32,000. Crewe Advisors LLC grew its position in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake 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 acquiring an additional 220 shares in the last quarter. Institutional investors own 89.56% of the company's stock.

Insider Activity at Lamb Weston

In related news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company's stock, valued at approximately $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Lamb Weston from $108.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, July 25th. Consumer Edge downgraded shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a report on Friday, July 26th. The Goldman Sachs Group dropped their price target on Lamb Weston from $132.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Barclays reduced their price objective on Lamb Weston from $96.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, July 26th. Finally, Wells Fargo & Company dropped their target price on Lamb Weston from $98.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.70.

Lamb Weston Trading Up 0.7 %

NYSE:LW traded up $0.43 on Thursday, reaching $62.11. 1,909,369 shares of the stock traded hands, compared to its average volume of 2,515,233. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company's 50 day moving average is $67.10 and its 200-day moving average is $82.66. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 5.90 and a beta of 0.74.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.46). The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. Equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, August 2nd. Lamb Weston's dividend payout ratio is 19.23%.

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.