Crossmark Global Holdings Inc. Has $685,000 Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Crossmark Global Holdings Inc. cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 4.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,149 shares of the specialty retailer’s stock after selling 403 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lamb Weston were worth $685,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LW. Peregrine Capital Management LLC grew its holdings in Lamb Weston by 11.2% in the 2nd quarter. Peregrine Capital Management LLC now owns 123,357 shares of the specialty retailer’s stock valued at $10,372,000 after buying an additional 12,441 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Lamb Weston in the second quarter worth $2,832,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Lamb Weston by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,298 shares of the specialty retailer’s stock worth $3,893,000 after acquiring an additional 4,996 shares during the period. Finally, Cambiar Investors LLC raised its stake in Lamb Weston by 32.8% during the 2nd quarter. Cambiar Investors LLC now owns 141,671 shares of the specialty retailer’s stock valued at $11,912,000 after purchasing an additional 34,981 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of NYSE:LW opened at $61.92 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The business’s fifty day moving average price is $68.91 and its two-hundred day moving average price is $83.52. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 5.90 and a beta of 0.74.

Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.46). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. As a group, analysts predict that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

LW has been the topic of several research reports. Citigroup dropped their price objective on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company lowered their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Stifel Nicolaus downgraded Lamb Weston from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and lowered their price objective for the company from $105.00 to $61.00 in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

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.