Westhampton Capital LLC Purchases New Shares in Lamb Weston Holdings, Inc. (NYSE:LW)

Westhampton Capital LLC acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,324 shares of the specialty retailer’s stock, valued at approximately $539,000.

Several other institutional investors have also added to or reduced their stakes in LW. WFA Asset Management Corp raised its stake in Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares in the last quarter. City State Bank grew its holdings in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston during the 1st quarter worth approximately $28,000. Crewe Advisors LLC lifted its stake in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Lamb Weston during the third quarter valued at approximately $29,000. 89.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the transaction, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on LW shares. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $68.00 price target (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. TD Cowen upped their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Citigroup lifted their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group cut their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.56.

Lamb Weston Stock Down 0.1 %

LW stock opened at $77.26 on Wednesday. The stock has a market capitalization of $11.16 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The business has a fifty day moving average price of $65.77 and a 200-day moving average price of $74.56.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business earned $1.63 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. Lamb Weston’s dividend payout ratio is presently 19.23%.

Lamb Weston 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.