Orion Portfolio Solutions LLC Purchases 40,309 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Orion Portfolio Solutions LLC grew its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,020 shares of the specialty retailer's stock after purchasing an additional 40,309 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.06% of Lamb Weston worth $5,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LW. West Oak Capital LLC lifted its position in Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after buying an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Lamb Weston during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston during the fourth quarter valued at approximately $36,000. Brooklyn Investment Group acquired a new position in Lamb Weston during the third quarter valued at approximately $40,000. Finally, Larson Financial Group LLC grew its stake in Lamb Weston by 614.4% in the third quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 596 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LW shares. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and cut their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Jefferies Financial Group lifted their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. StockNews.com raised shares of Lamb Weston to a "sell" rating in a report on Monday, February 24th. Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Finally, Stifel Nicolaus dropped their price objective on Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $74.55.

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Insiders Place Their Bets

In related news, Director Robert A. Niblock acquired 3,000 shares of the stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.72% of the company's stock.

Lamb Weston Stock Performance

NYSE LW traded down $0.09 on Tuesday, reaching $53.21. The stock had a trading volume of 4,601,200 shares, compared to its average volume of 2,803,648. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The company has a market cap of $7.59 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The firm has a fifty day moving average of $55.59 and a two-hundred day moving average of $65.81. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $105.55.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is 58.50%.

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.