Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,663 shares of the specialty retailer’s stock after selling 190 shares during the period. Securian Asset Management Inc.’s holdings in Lamb Weston were worth $512,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LW. Alberta Investment Management Corp acquired a new position in shares of Lamb Weston during the 4th quarter worth approximately $2,641,000. Atria Wealth Solutions Inc. acquired a new position in shares of Lamb Weston during the 4th quarter worth approximately $2,850,000. Leeward Investments LLC MA boosted its holdings in shares of Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock worth $10,457,000 after purchasing an additional 45,904 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after purchasing an additional 16,092 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles A. Blixt acquired 1,200 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the transaction, the director now directly owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Lamb Weston Stock Up 5.3 %

Shares of NYSE LW opened at $53.67 on Tuesday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $107.50. The business’s 50 day moving average is $57.00 and its two-hundred day moving average is $66.45.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. Research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a $0.37 dividend. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.76%. Lamb Weston’s payout ratio is presently 58.50%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LW shares. JPMorgan Chase & Co. boosted their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Stifel Nicolaus lowered their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective on the stock. Jefferies Financial Group upped their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Barclays decreased their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.73.

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.