HB Wealth Management LLC Has $892,000 Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

HB Wealth Management LLC lifted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,343 shares of the specialty retailer’s stock after purchasing an additional 817 shares during the period. HB Wealth Management LLC’s holdings in Lamb Weston were worth $892,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. City State Bank boosted its stake in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Lamb Weston in the 3rd quarter worth approximately $29,000. West Oak Capital LLC grew its holdings in Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares during the last quarter. Riverview Trust Co acquired a new position in Lamb Weston during the third quarter valued at approximately $35,000. Finally, CVA Family Office LLC raised its position in shares of Lamb Weston by 143.8% in the third quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 338 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $62.65 on Wednesday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $110.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm has a market cap of $8.94 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.47 and a beta of 0.73. The firm’s 50-day simple moving average is $70.87 and its 200-day simple moving average is $69.16.

Lamb Weston (NYSE:LW) last issued 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). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 3.11 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, January 31st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s payout ratio is currently 58.50%.

Analyst Ratings Changes

A number of research firms recently issued reports on LW. Jefferies Financial Group raised their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Barclays dropped their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. TD Cowen increased their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Stifel Nicolaus cut their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Finally, Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $81.00.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

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.