211,038 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 211,038 shares of the specialty retailer's stock, valued at approximately $17,744,000. Diamond Hill Capital Management Inc. owned approximately 0.15% of Lamb Weston at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. increased its stake in shares of Lamb Weston by 20.0% during the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer's stock worth $22,128,000 after purchasing an additional 34,553 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Lamb Weston by 66.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer's stock worth $4,028,000 after purchasing an additional 15,364 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Lamb Weston during the 1st quarter worth about $810,000. Confluence Investment Management LLC purchased a new stake in shares of Lamb Weston during the second quarter worth about $7,937,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Lamb Weston in the first quarter valued at approximately $28,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Up 0.9 %

Lamb Weston stock traded up $0.59 during midday trading on Monday, hitting $64.76. 1,406,067 shares of the company were exchanged, compared to its average volume of 2,481,269. The company has a market cap of $9.30 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company's fifty day moving average price is $64.75 and its 200-day moving average price is $80.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW - Get Free Report) last announced its 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 firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a $0.36 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.22%. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Insider Transactions at Lamb Weston

In other news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now 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 is available at this link. Corporate insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LW. JPMorgan Chase & Co. lowered their target price on shares of Lamb Weston from $108.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, July 25th. Wells Fargo & Company decreased their price target on Lamb Weston from $98.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, July 26th. Barclays dropped their price objective on shares of Lamb Weston from $96.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, July 26th. Stifel Nicolaus cut shares of Lamb Weston from a "buy" rating to a "hold" rating and decreased their target price for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Finally, Consumer Edge lowered shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently 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.