GAMMA Investing LLC lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 67.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,846 shares of the specialty retailer’s stock after buying an additional 746 shares during the period. GAMMA Investing LLC’s holdings in Lamb Weston were worth $123,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nicola Wealth Management LTD. acquired a new stake in Lamb Weston in the 3rd quarter valued at $6,474,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lamb Weston in the second quarter valued at about $3,279,000. Clarkston Capital Partners LLC raised its holdings in shares of Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after buying an additional 1,618,570 shares during the period. Citigroup Inc. lifted its position in Lamb Weston by 39.3% during the 3rd quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after acquiring an additional 44,057 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new position in Lamb Weston in the 3rd quarter worth approximately $6,506,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Charles A. Blixt bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.
Lamb Weston Price Performance
Lamb Weston (NYSE:LW – Get Free Report) last issued its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.
Lamb Weston Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a $0.37 dividend. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.42%. Lamb Weston’s dividend payout ratio is presently 58.50%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company upped their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. TD Cowen lifted their target price on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group boosted their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $81.00.
Get Our Latest Stock Analysis on LW
Lamb Weston 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.
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