Redwood Investment Management LLC Purchases Shares of 35,897 Lamb Weston Holdings, Inc. (NYSE:LW)

Redwood Investment Management LLC acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 35,897 shares of the specialty retailer’s stock, valued at approximately $2,399,000.

A number of other hedge funds also recently made changes to their positions in the stock. Quantinno Capital Management LP raised its holdings in Lamb Weston by 9.6% during the fourth quarter. Quantinno Capital Management LP now owns 39,298 shares of the specialty retailer’s stock valued at $2,626,000 after acquiring an additional 3,429 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $141,000. Occudo Quantitative Strategies LP purchased a new position in shares of Lamb Weston in the fourth quarter worth $367,000. Obermeyer Wealth Partners bought a new position in shares of Lamb Weston during the fourth quarter worth $1,176,000. Finally, Lighthouse Investment Partners LLC grew its stake in Lamb Weston by 687.4% during the fourth quarter. Lighthouse Investment Partners LLC now owns 196,862 shares of the specialty retailer’s stock valued at $13,156,000 after acquiring an additional 171,862 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Down 0.1%

NYSE LW opened at $51.16 on Thursday. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.40 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company has a fifty day moving average of $53.00 and a two-hundred day moving average of $62.05.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio is currently 58.04%.

Wall Street Analysts Forecast Growth

LW has been the subject of several research reports. Barclays dropped their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a report on Monday. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a “hold” rating in a report on Thursday, April 24th. StockNews.com raised Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Wells Fargo & Company lowered their target price on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group reduced their price target on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Lamb Weston presently has an average rating of “Hold” and an average price target of $69.91.

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.