4,240 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Enhancing Capital LLC

Enhancing Capital LLC purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,240 shares of the specialty retailer’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LW. CIBC Asset Management Inc increased its holdings in Lamb Weston by 7.3% in the 3rd quarter. CIBC Asset Management Inc now owns 20,974 shares of the specialty retailer’s stock worth $1,358,000 after acquiring an additional 1,425 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Lamb Weston by 369.2% during the third quarter. Empowered Funds LLC now owns 41,601 shares of the specialty retailer’s stock worth $2,693,000 after buying an additional 32,734 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Lamb Weston by 9.9% during the third quarter. Natixis Advisors LLC now owns 168,849 shares of the specialty retailer’s stock worth $10,931,000 after buying an additional 15,169 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Lamb Weston by 6.7% during the third quarter. Mutual of America Capital Management LLC now owns 43,351 shares of the specialty retailer’s stock worth $2,807,000 after buying an additional 2,706 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in shares of Lamb Weston by 63.3% during the third quarter. Caprock Group LLC now owns 4,611 shares of the specialty retailer’s stock worth $299,000 after buying an additional 1,787 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 1.3 %

NYSE LW opened at $52.88 on Wednesday. The firm’s 50-day moving average is $56.82 and its two-hundred day moving average is $66.39. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $107.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The stock has a market capitalization of $7.54 billion, a P/E ratio of 20.90, a PEG ratio of 1.40 and a beta of 0.76.

Lamb Weston (NYSE:LW) last posted 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). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company earned $1.45 EPS. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio is currently 58.50%.

Insider Transactions at Lamb Weston

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LW shares. Stifel Nicolaus dropped their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Jefferies Financial Group upped their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, Sanford C. Bernstein started coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $76.73.

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.