Thompson Siegel & Walmsley LLC Buys Shares of 592,857 Lamb Weston Holdings, Inc. (NYSE:LW)

Thompson Siegel & Walmsley LLC bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 592,857 shares of the specialty retailer's stock, valued at approximately $38,382,000. Thompson Siegel & Walmsley LLC owned approximately 0.42% of Lamb Weston as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Lamb Weston in the first quarter worth approximately $28,000. Crewe Advisors LLC raised its position in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 261 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 during the last quarter. City State Bank boosted its position in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in Lamb Weston in the second quarter valued at about $36,000. 89.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LW shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Citigroup increased their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. Consumer Edge cut Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. Finally, Barclays boosted their price target on Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Lamb Weston currently has an average rating of "Hold" and a consensus target price of $82.22.

Lamb Weston Stock Performance

Shares of LW stock traded up $0.70 on Thursday, hitting $76.81. The company had a trading volume of 933,307 shares, compared to its average volume of 2,494,062. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm has a market cap of $10.95 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72. The company has a 50-day moving average price of $72.59 and a 200-day moving average price of $74.05.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. As a group, equities research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. Lamb Weston's dividend payout ratio is currently 33.80%.

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.