Inspire Investing LLC Sells 10,755 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Inspire Investing LLC lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 37.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,686 shares of the specialty retailer's stock after selling 10,755 shares during the period. Inspire Investing LLC's holdings in Lamb Weston were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. WFA Asset Management Corp grew its position in shares of Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Lamb Weston in the first quarter valued at about $28,000. Crewe Advisors LLC grew its stake in shares of 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 in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Lamb Weston in the 1st quarter worth about $32,000. Finally, GAMMA Investing LLC grew its position in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Lamb Weston from $108.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. Barclays decreased their target price on shares of Lamb Weston from $96.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, July 26th. Bank of America upped their price target on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Company reduced their target price on Lamb Weston from $98.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston has an average rating of "Moderate Buy" and an average target price of $83.20.

Lamb Weston Price Performance

LW stock traded down $0.17 during midday trading on Friday, reaching $65.44. 1,785,325 shares of the stock were exchanged, compared to its average volume of 2,474,424. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a fifty day moving average price of $63.70 and a 200 day moving average price of $80.03. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The stock has a market capitalization of $9.45 billion, a PE ratio of 8.76, a P/E/G ratio of 5.96 and a beta of 0.75.

Lamb Weston (NYSE:LW - Get Free Report) last released 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 firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. As a group, analysts expect 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. Shareholders of record on Friday, August 2nd were given 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 2.20%. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Insider Activity at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by company insiders.

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.