Rhumbline Advisers Trims Holdings in Lamb Weston $LW

Rhumbline Advisers trimmed its holdings in shares of Lamb Weston (NYSE:LW) by 3.6% in the 2nd quarter, Holdings Channel reports. The firm owned 300,354 shares of the specialty retailer’s stock after selling 11,102 shares during the quarter. Rhumbline Advisers’ holdings in Lamb Weston were worth $15,573,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LW. American National Bank & Trust purchased a new position in Lamb Weston in the 2nd quarter worth about $25,000. ST Germain D J Co. Inc. grew its stake in Lamb Weston by 64.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of Lamb Weston by 407.7% during the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 477 shares during the period. City State Bank increased its position in shares of Lamb Weston by 86.8% during the second quarter. City State Bank now owns 779 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 362 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Lamb Weston by 519.9% during the second quarter. First Horizon Advisors Inc. now owns 843 shares of the specialty retailer’s stock valued at $44,000 after acquiring an additional 707 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of NYSE LW opened at $59.22 on Friday. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The company has a market cap of $8.25 billion, a PE ratio of 28.33, a P/E/G ratio of 3.92 and a beta of 0.51. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.77 and a current ratio of 1.49. The business has a 50-day simple moving average of $60.81 and a two-hundred day simple moving average of $56.59.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. The firm had revenue of $1.15 billion during the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. As a group, equities analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, October 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, October 31st. Lamb Weston’s payout ratio is presently 70.81%.

Wall Street Analysts Forecast Growth

LW has been the topic of several research analyst reports. Cfra Research raised Lamb Weston to a “hold” rating in a research note on Thursday, October 2nd. Stifel Nicolaus set a $66.00 price target on Lamb Weston in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price target on Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.70.

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.