Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 12.4% in the 4th quarter, Holdings Channel reports. The fund owned 6,038 shares of the specialty retailer’s stock after purchasing an additional 667 shares during the period. Tectonic Advisors LLC’s holdings in Lamb Weston were worth $404,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. HB Wealth Management LLC lifted its position in shares of Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 817 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in Lamb Weston in the 3rd quarter worth approximately $6,474,000. Clarkston Capital Partners LLC lifted its position in Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after buying an additional 1,618,570 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in Lamb Weston by 36.0% in the 4th quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer’s stock worth $4,140,000 after buying an additional 16,412 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Lamb Weston by 39.3% in the 3rd quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after buying an additional 44,057 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LW. JPMorgan Chase & Co. increased their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. Bank of America increased their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $81.00.

Insider Activity at Lamb Weston

In related news, Director Robert A. Niblock purchased 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This trade 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 acquired 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the acquisition, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Lamb Weston Stock Performance

NYSE:LW opened at $59.46 on Friday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $107.50. The firm’s fifty day simple moving average is $66.88 and its 200 day simple moving average is $67.71. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $8.48 billion, a PE ratio of 23.50, a PEG ratio of 1.47 and a beta of 0.72.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.49%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

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.