Burns J W & Co. Inc. NY Decreases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Burns J W & Co. Inc. NY trimmed its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 26.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,442 shares of the specialty retailer’s stock after selling 1,225 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Lamb Weston were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Czech National Bank increased its position in shares of Lamb Weston by 5.6% in the fourth quarter. Czech National Bank now owns 30,919 shares of the specialty retailer’s stock valued at $2,066,000 after acquiring an additional 1,652 shares during the period. West Oak Capital LLC increased its holdings in Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares during the period. Fulton Bank N.A. raised its position in Lamb Weston by 6.2% during the 4th quarter. Fulton Bank N.A. now owns 4,877 shares of the specialty retailer’s stock valued at $326,000 after purchasing an additional 285 shares during the last quarter. Insight Wealth Strategies LLC lifted its holdings in Lamb Weston by 36.0% in the 4th quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer’s stock worth $4,140,000 after buying an additional 16,412 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Lamb Weston in the 4th quarter worth approximately $372,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lamb Weston

In related news, Director Charles A. Blixt acquired 1,200 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, with a total value of $75,900.00. Following the transaction, the director now directly owns 22,982 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Lamb Weston Stock Performance

NYSE LW traded up $0.08 during trading hours on Monday, hitting $60.81. The company’s stock had a trading volume of 2,324,458 shares, compared to its average volume of 2,610,676. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market cap of $8.67 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.42 and a beta of 0.73. The company’s 50 day simple moving average is $73.28 and its two-hundred day simple moving average is $70.14. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $110.61.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.43%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston’s payout ratio is 58.50%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Sanford C. Bernstein initiated coverage on Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price target for the company. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Barclays decreased their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Stifel Nicolaus cut their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 target price for the company. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $81.00.

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.