Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC grew its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,950 shares of the specialty retailer’s stock after purchasing an additional 16,412 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Lamb Weston were worth $4,140,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LW. Commonwealth Equity Services LLC grew its stake in Lamb Weston by 123.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 40,552 shares of the specialty retailer’s stock valued at $3,410,000 after acquiring an additional 22,409 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Lamb Weston by 23.5% in the second quarter. National Bank of Canada FI now owns 40,321 shares of the specialty retailer’s stock valued at $3,336,000 after purchasing an additional 7,679 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Lamb Weston during the second quarter worth approximately $396,000. Caprock Group LLC acquired a new position in Lamb Weston during the second quarter worth $237,000. Finally, PFG Investments LLC boosted its stake in Lamb Weston by 4.5% during the second quarter. PFG Investments LLC now owns 8,875 shares of the specialty retailer’s stock worth $746,000 after buying an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LW shares. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Bank of America increased their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price target 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. 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. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $81.00.

Lamb Weston Trading Down 2.8 %

LW traded down $1.82 during mid-day trading on Monday, hitting $63.71. 1,370,693 shares of the stock were exchanged, compared to its average volume of 1,566,418. The firm’s fifty day moving average is $74.86 and its two-hundred day moving average is $71.04. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $110.61. The company has a market cap of $9.09 billion, a PE ratio of 14.96, a PEG ratio of 1.42 and a beta of 0.73. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 EPS. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is currently 58.50%.

Insider Transactions at Lamb Weston

In other news, Director Charles A. Blixt bought 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the purchase, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

About Lamb Weston

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.