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:LWFree Report) 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:LWGet Free Report) 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. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.29.

Read Our Latest Stock Report on Lamb Weston

About Lamb Weston

(Free Report)

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.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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