Scientech Research LLC Acquires Shares of 16,832 Lamb Weston Holdings, Inc. (NYSE:LW)

Scientech Research LLC bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,832 shares of the specialty retailer’s stock, valued at approximately $1,415,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Lamb Weston by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock valued at $1,778,533,000 after purchasing an additional 60,601 shares during the last quarter. TPG GP A LLC lifted its stake in shares of Lamb Weston by 74.4% during the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after buying an additional 1,247,206 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Lamb Weston by 5.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after buying an additional 114,049 shares during the period. Marshall Wace LLP grew its stake in Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after buying an additional 830,511 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in Lamb Weston by 11.7% during the 1st quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock valued at $131,396,000 after acquiring an additional 129,120 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW stock opened at $66.80 on Friday. The firm’s fifty day moving average is $62.18 and its 200 day moving average is $78.52. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The firm has a market cap of $9.65 billion, a P/E ratio of 8.92, a P/E/G ratio of 6.18 and a beta of 0.75.

Lamb Weston (NYSE:LW) last issued 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). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Research analysts predict that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Friday, August 2nd. Lamb Weston’s payout ratio is 19.23%.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was acquired at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target 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. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Citigroup boosted their price objective on shares of Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Wells Fargo & Company cut their price target on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Finally, Bank of America boosted their target price on Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.70.

Lamb Weston Company Profile

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.