Nisa Investment Advisors LLC Sells 1,831 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Nisa Investment Advisors LLC cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.8% during the 2nd quarter, Holdings Channel reports. The fund owned 45,741 shares of the specialty retailer’s stock after selling 1,831 shares during the period. Nisa Investment Advisors LLC’s holdings in Lamb Weston were worth $3,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LW. WFA Asset Management Corp raised its holdings in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Lamb Weston during the first quarter worth $28,000. Redmont Wealth Advisors LLC acquired a new position in Lamb Weston during the first quarter worth $32,000. GAMMA Investing LLC raised its holdings in Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after buying an additional 220 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in Lamb Weston by 8,040.0% during the fourth quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after buying an additional 402 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Citigroup lowered their target price on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, TD Cowen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $61.00 in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Insider Activity at Lamb Weston

In related news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.66% of the stock is currently owned by insiders.

Lamb Weston Price Performance

LW stock opened at $61.85 on Wednesday. The firm has a 50 day moving average of $72.65 and a 200-day moving average of $85.77. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The firm has a market capitalization of $8.93 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 5.65 and a beta of 0.74.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.55 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, August 2nd. Lamb Weston’s dividend payout ratio is currently 19.23%.

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.