London Co. of Virginia Cuts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

London Co. of Virginia lowered its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,685,618 shares of the specialty retailer’s stock after selling 19,158 shares during the period. London Co. of Virginia owned 1.88% of Lamb Weston worth $179,480,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston in the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in Lamb Weston during the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. purchased a new stake in Lamb Weston during the 4th quarter valued at $47,000. Advantage Trust Co purchased a new stake in Lamb Weston during the 4th quarter valued at $53,000. Finally, CoreFirst Bank & Trust purchased a new stake in Lamb Weston during the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

NYSE:LW opened at $50.80 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The business’s 50-day simple moving average is $53.05 and its two-hundred day simple moving average is $62.38. The stock has a market cap of $7.17 billion, a PE ratio of 20.08, a P/E/G ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. Lamb Weston’s dividend payout ratio is presently 58.04%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LW. Wells Fargo & Company cut their target price on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a “hold” rating in a research note on Thursday, April 24th. Jefferies Financial Group dropped their price target on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. StockNews.com upgraded Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lamb Weston currently has an average rating of “Hold” and an average target price of $70.64.

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.