11,422 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,422 shares of the specialty retailer's stock, valued at approximately $960,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Avantax Advisory Services Inc. lifted its holdings in Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer's stock valued at $405,000 after acquiring an additional 135 shares during the last quarter. Somerset Trust Co boosted its holdings in Lamb Weston by 4.5% during the first quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer's stock worth $362,000 after buying an additional 145 shares in the last quarter. Camarda Financial Advisors LLC grew its position in Lamb Weston by 0.9% in the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer's stock worth $1,746,000 after buying an additional 151 shares during the last quarter. KLR Investment Advisors LLC increased its holdings in shares of Lamb Weston by 4.1% in the fourth quarter. KLR Investment Advisors LLC now owns 3,943 shares of the specialty retailer's stock valued at $426,000 after buying an additional 157 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Lamb Weston by 31.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer's stock valued at $70,000 after buying an additional 158 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The stock was bought at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares of the company's stock, valued at $9,610,287.11. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by company insiders.

Lamb Weston Stock Up 1.5 %

Shares of Lamb Weston stock traded up $0.93 on Friday, hitting $63.02. 1,815,596 shares of the company traded hands, compared to its average volume of 2,511,172. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The company has a market cap of $9.10 billion, a PE ratio of 8.41, a PEG ratio of 5.90 and a beta of 0.74. The company has a 50-day moving average price of $67.10 and a 200 day moving average price of $82.66.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.71 billion. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, August 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

Several research firms have recently weighed in on LW. JPMorgan Chase & Co. reduced their price objective on Lamb Weston from $108.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group decreased their price target on Lamb Weston from $132.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. Citigroup cut their price objective on Lamb Weston from $106.00 to $104.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. TD Cowen cut shares of Lamb Weston from a "buy" rating to a "hold" rating and decreased their target price for the stock from $105.00 to $61.00 in a report on Thursday, July 25th. Finally, Stifel Nicolaus lowered shares of Lamb Weston from a "buy" rating to a "hold" rating and cut their price target for the company from $115.00 to $60.00 in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.70.

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.