Allspring Global Investments Holdings LLC grew its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 61.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,174 shares of the specialty retailer’s stock after purchasing an additional 5,766 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Lamb Weston were worth $1,174,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in Lamb Weston in the second quarter valued at $27,000. CX Institutional purchased a new position in shares of Lamb Weston during the second quarter worth about $28,000. Eagle Bay Advisors LLC purchased a new position in shares of Lamb Weston during the second quarter worth about $29,000. Bartlett & Co. LLC purchased a new position in shares of Lamb Weston during the second quarter worth about $30,000. Finally, Venture Visionary Partners LLC purchased a new position in shares of Lamb Weston during the second quarter worth about $35,000. 89.87% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
LW has been the topic of several research reports. Stifel Nicolaus raised their price objective on Lamb Weston from $90.00 to $107.00 in a report on Friday, January 6th. The Goldman Sachs Group increased their target price on shares of Lamb Weston from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 12th. Bank of America increased their target price on shares of Lamb Weston from $105.00 to $115.00 in a research note on Friday, January 6th. StockNews.com downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, December 16th. Finally, TheStreet upgraded shares of Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Lamb Weston presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.80.
Insider Transactions at Lamb Weston
Lamb Weston Price Performance
Shares of NYSE:LW opened at $96.56 on Friday. The company has a 50-day moving average price of $89.29 and a 200 day moving average price of $83.29. Lamb Weston Holdings, Inc. has a 52 week low of $49.71 and a 52 week high of $100.77. The company has a quick ratio of 1.07, a current ratio of 1.96 and a debt-to-equity ratio of 4.71. The company has a market cap of $13.89 billion, a P/E ratio of 29.62, a PEG ratio of 0.84 and a beta of 0.51.
Lamb Weston (NYSE:LW – Get Rating) last posted its quarterly earnings results on Thursday, January 5th. The specialty retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.54. Lamb Weston had a net margin of 10.50% and a return on equity of 107.83%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.16 billion. Research analysts predict that Lamb Weston Holdings, Inc. will post 3.95 earnings per share for the current year.
Lamb Weston Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Friday, February 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, February 2nd. Lamb Weston’s dividend payout ratio (DPR) is 30.06%.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
- Get a free copy of the StockNews.com research report on Lamb Weston (LW)
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