Truist Financial Corp Purchases 8,497 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Truist Financial Corp grew its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 30.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,346 shares of the specialty retailer’s stock after acquiring an additional 8,497 shares during the quarter. Truist Financial Corp’s holdings in Lamb Weston were worth $3,929,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its position in Lamb Weston by 2.3% in the third quarter. Invesco Ltd. now owns 3,417,548 shares of the specialty retailer’s stock worth $315,986,000 after buying an additional 77,937 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Lamb Weston by 6.7% during the 3rd quarter. Northern Trust Corp now owns 1,473,873 shares of the specialty retailer’s stock worth $136,274,000 after purchasing an additional 93,127 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Lamb Weston by 15.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,466,175 shares of the specialty retailer’s stock valued at $135,563,000 after purchasing an additional 197,094 shares during the last quarter. Bank of New York Mellon Corp raised its position in Lamb Weston by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,188,941 shares of the specialty retailer’s stock worth $109,930,000 after purchasing an additional 25,252 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Lamb Weston by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,465 shares of the specialty retailer’s stock worth $105,910,000 after purchasing an additional 14,527 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.8 %

Lamb Weston stock opened at $84.41 on Tuesday. Lamb Weston Holdings, Inc. has a twelve month low of $77.41 and a twelve month high of $117.38. The business has a fifty day moving average of $93.32 and a two-hundred day moving average of $98.45. The firm has a market cap of $12.19 billion, a P/E ratio of 11.27, a P/E/G ratio of 1.38 and a beta of 0.79. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. On average, analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 1.71%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BNP Paribas initiated coverage on Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 target price on the stock. Wells Fargo & Company reduced their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Bank of America lowered their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Barclays decreased their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Finally, Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston currently has an average rating of “Moderate Buy” and an average price target of $117.40.

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.