Prudent Man Advisors LLC Sells 147 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Prudent Man Advisors LLC reduced its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,250 shares of the specialty retailer’s stock after selling 147 shares during the quarter. Prudent Man Advisors LLC’s holdings in Lamb Weston were worth $833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. American National Bank bought a new position in shares of Lamb Weston during the 2nd quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in shares of Lamb Weston during the 2nd quarter valued at $29,000. Clear Street Markets LLC lifted its holdings in shares of Lamb Weston by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 136 shares during the period. Kistler Tiffany Companies LLC purchased a new stake in shares of Lamb Weston in the 2nd quarter worth $32,000. Finally, Sandy Spring Bank purchased a new stake in shares of Lamb Weston in the 2nd quarter worth $37,000. 85.77% of the stock is owned by institutional investors.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average cost of $84.35 per share, with a total value of $253,050.00. Following the completion of the acquisition, the director now directly owns 162,835 shares in the company, valued at approximately $13,735,132.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is currently owned by corporate insiders.

Lamb Weston Trading Up 0.4 %

NYSE LW traded up $0.42 during trading on Monday, hitting $96.22. The stock had a trading volume of 541,893 shares, compared to its average volume of 1,611,573. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.76 and a current ratio of 1.44. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.23 and a beta of 0.65. Lamb Weston Holdings, Inc. has a one year low of $81.25 and a one year high of $117.38. The stock has a 50 day simple moving average of $92.72 and a 200 day simple moving average of $102.36.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, October 5th. The specialty retailer reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.55. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Lamb Weston had a net margin of 17.18% and a return on equity of 77.14%. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 5.84 earnings per share for the current year.

Lamb Weston announced that its board has approved a stock buyback program on Wednesday, October 11th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase up to 4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 16.18%.

Wall Street Analysts Forecast Growth

LW has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Lamb Weston from $129.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, October 6th. The Goldman Sachs Group upgraded Lamb Weston from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $127.00 in a research note on Monday, September 4th. TD Cowen started coverage on Lamb Weston in a research note on Wednesday, September 13th. They issued an “outperform” rating and a $125.00 price objective for the company. StockNews.com started coverage on Lamb Weston in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $115.00 price target on shares of Lamb Weston in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.29.

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.