Rhumbline Advisers Sells 14,164 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Rhumbline Advisers cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,001 shares of the specialty retailer's stock after selling 14,164 shares during the period. Rhumbline Advisers owned about 0.21% of Lamb Weston worth $25,813,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LW. Vanguard Group Inc. lifted its stake in shares of Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer's stock worth $1,778,533,000 after acquiring an additional 60,601 shares during the period. Franklin Resources Inc. lifted its position in shares of Lamb Weston by 15.1% in the 4th quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer's stock worth $199,183,000 after purchasing an additional 241,848 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Lamb Weston by 11.7% in the 1st quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer's stock valued at $131,396,000 after purchasing an additional 129,120 shares during the last quarter. Artemis Investment Management LLP increased its position in shares of Lamb Weston by 117.2% during the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer's stock worth $131,035,000 after buying an additional 663,985 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Lamb Weston by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer's stock worth $126,189,000 after buying an additional 21,981 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Up 1.5 %

LW traded up $0.93 during trading on Friday, hitting $63.02. 1,815,663 shares of the company's stock were exchanged, compared to its average volume of 2,511,172. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock has a market cap of $9.10 billion, a P/E ratio of 8.41, a PEG ratio of 5.90 and a beta of 0.75. The business's 50 day moving average is $66.68 and its two-hundred day moving average is $82.12. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were issued a dividend of $0.36 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.28%. Lamb Weston's dividend payout ratio (DPR) is currently 19.23%.

Insider Activity at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was purchased 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 in the company, valued at approximately $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on LW shares. Wells Fargo & Company cut their price target on shares of Lamb Weston from $98.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, July 26th. Consumer Edge cut Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. Barclays lowered their target price on Lamb Weston from $96.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, July 26th. Citigroup reduced their price objective on shares of Lamb Weston from $106.00 to $104.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Finally, TD Cowen downgraded shares of Lamb Weston from a "buy" rating to a "hold" rating and dropped their target price for the company from $105.00 to $61.00 in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.70.

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.