Nomura Asset Management Co. Ltd. Has $12.16 Million Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Nomura Asset Management Co. Ltd. grew its stake in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 260.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,495 shares of the specialty retailer’s stock after purchasing an additional 95,047 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.09% of Lamb Weston worth $12,158,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Financial Gravity Asset Management Inc. acquired a new stake in Lamb Weston in the 2nd quarter valued at about $618,000. Kistler Tiffany Companies LLC acquired a new stake in Lamb Weston during the second quarter worth approximately $32,000. Clear Street Markets LLC lifted its position in Lamb Weston by 92.5% during the first quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 136 shares during the last quarter. Sandy Spring Bank acquired a new stake in Lamb Weston during the second quarter worth approximately $37,000. Finally, Glassman Wealth Services lifted its position in Lamb Weston by 85.3% during the second quarter. Glassman Wealth Services now owns 328 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 85.77% of the company’s stock.

Analyst Ratings Changes

LW has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Lamb Weston from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Wells Fargo & Company started coverage on shares of Lamb Weston in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 price objective on the stock. StockNews.com cut shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. JPMorgan Chase & Co. dropped their target price on shares of Lamb Weston from $129.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, October 6th. Finally, Stifel Nicolaus raised their target price on shares of Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.50.

Get Our Latest Report on LW

Lamb Weston Trading Down 0.8 %

Shares of NYSE LW traded down $0.85 on Friday, reaching $104.19. 1,941,374 shares of the company traded hands, compared to its average volume of 1,784,887. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 1.95. Lamb Weston Holdings, Inc. has a fifty-two week low of $81.25 and a fifty-two week high of $117.38. The stock has a market capitalization of $15.04 billion, a PE ratio of 13.55, a P/E/G ratio of 1.19 and a beta of 0.69. The company has a 50 day moving average of $104.28 and a 200 day moving average of $99.58.

Lamb Weston (NYSE:LWGet Free Report) last posted its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.03. Lamb Weston had a return on equity of 63.19% and a net margin of 17.71%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company posted $1.28 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. On average, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 5.94 earnings per share for the current fiscal year.

Lamb Weston announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 11th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the specialty retailer to buy up to 4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 2nd will be paid a $0.36 dividend. This is an increase from Lamb Weston’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, February 1st. Lamb Weston’s dividend payout ratio is currently 14.56%.

Lamb Weston Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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