Tectonic Advisors LLC Has $348,000 Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Tectonic Advisors LLC increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 35.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,371 shares of the specialty retailer’s stock after buying an additional 1,396 shares during the period. Tectonic Advisors LLC’s holdings in Lamb Weston were worth $348,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LW. WFA Asset Management Corp grew its holdings in Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 174 shares in the last quarter. City State Bank increased its position in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the period. EntryPoint Capital LLC acquired a new stake in Lamb Weston in the 1st quarter worth about $28,000. Crewe Advisors LLC raised its stake in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Lamb Weston in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE LW opened at $76.92 on Friday. The firm’s fifty day moving average price is $66.77 and its two-hundred day moving average price is $74.55. The stock has a market cap of $10.97 billion, a PE ratio of 18.06, a PEG ratio of 1.38 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LW shares. Bank of America lifted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Barclays increased their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. TD Cowen boosted their price target on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Finally, Citigroup increased their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.22.

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.