Ingalls & Snyder LLC Acquires Shares of 1,946 Lamb Weston Holdings, Inc. (NYSE:LW)

Ingalls & Snyder LLC acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,946 shares of the specialty retailer’s stock, valued at approximately $210,000.

A number of other institutional investors have also modified their holdings of LW. VisionPoint Advisory Group LLC grew its position in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 161 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Lamb Weston during the 2nd quarter valued at about $29,000. Clear Street Markets LLC grew its position in shares of Lamb Weston by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 136 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Lamb Weston by 330.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 482 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in Lamb Weston in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 2.0 %

Shares of NYSE LW opened at $79.77 on Monday. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.30 and a beta of 0.72. 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 Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The business’s 50 day moving average is $99.47 and its two-hundred day moving average is $99.27.

Lamb Weston (NYSE:LWGet Free Report) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The firm 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%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. Research analysts predict that Lamb Weston Holdings, Inc. will post 5.53 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LW shares. BNP Paribas started coverage on Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective on the stock. Stifel Nicolaus lowered their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Bank of America lowered their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Citigroup lowered their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Finally, Wells Fargo & Company lowered their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

Read Our Latest Report on Lamb Weston

Lamb Weston Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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