Atria Wealth Solutions Inc. Purchases New Shares in Lamb Weston Holdings, Inc. (NYSE:LW)

Atria Wealth Solutions Inc. purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 42,648 shares of the specialty retailer’s stock, valued at approximately $2,850,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its stake in Lamb Weston by 117.9% in the 3rd quarter. Blue Trust Inc. now owns 950 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 514 shares in the last quarter. Raymond James & Associates lifted its stake in Lamb Weston by 45.1% in the 3rd quarter. Raymond James & Associates now owns 269,059 shares of the specialty retailer’s stock worth $17,419,000 after acquiring an additional 83,615 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Lamb Weston by 37.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 895 shares of the specialty retailer’s stock worth $58,000 after acquiring an additional 243 shares in the last quarter. Greenleaf Trust lifted its stake in Lamb Weston by 11.4% in the 3rd quarter. Greenleaf Trust now owns 3,470 shares of the specialty retailer’s stock worth $225,000 after acquiring an additional 354 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in Lamb Weston by 22.5% in the 3rd quarter. CENTRAL TRUST Co now owns 16,084 shares of the specialty retailer’s stock worth $1,041,000 after acquiring an additional 2,952 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company. Sanford C. Bernstein started coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target for the company. Stifel Nicolaus cut their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Barclays cut their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, Jefferies Financial Group raised their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $81.00.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $55.76 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 1.41 and a beta of 0.72. The business’s 50-day simple moving average is $62.21 and its 200-day simple moving average is $67.39. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $107.50.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share 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. Shareholders of record on Friday, January 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.65%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

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.