Orion Portfolio Solutions LLC Boosts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Orion Portfolio Solutions LLC raised its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 84.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,020 shares of the specialty retailer’s stock after buying an additional 40,309 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.06% of Lamb Weston worth $5,882,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. West Oak Capital LLC raised its position in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Lamb Weston during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. purchased a new position in Lamb Weston in the fourth quarter worth about $36,000. Brooklyn Investment Group bought a new position in shares of Lamb Weston in the third quarter worth approximately $40,000. Finally, Larson Financial Group LLC grew its holdings in shares of Lamb Weston by 614.4% during the third quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 596 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Up 0.1 %

LW opened at $53.95 on Friday. The firm’s 50 day simple moving average is $55.73 and its two-hundred day simple moving average is $65.86. The company has a market capitalization of $7.70 billion, a PE ratio of 21.32, a PEG ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $105.55. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. Lamb Weston’s dividend payout ratio is currently 58.50%.

Insider Activity at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the stock in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LW. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. StockNews.com raised Lamb Weston to a “sell” rating in a report on Monday, February 24th. Stifel Nicolaus reduced their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Barclays lowered their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.55.

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.