Iron Horse Wealth Management LLC Boosts Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Iron Horse Wealth Management LLC lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 50.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,998 shares of the specialty retailer’s stock after buying an additional 666 shares during the period. Iron Horse Wealth Management LLC’s holdings in Lamb Weston were worth $134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LW. Southpoint Capital Advisors LP purchased a new position in Lamb Weston in the third quarter worth approximately $129,480,000. Clarkston Capital Partners LLC lifted its stake in shares of 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 valued at $201,207,000 after purchasing an additional 1,618,570 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Lamb Weston in the 3rd quarter valued at $86,883,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Lamb Weston during the 3rd quarter worth $38,382,000. Finally, State Street Corp increased its position in shares of Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after purchasing an additional 549,812 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the transaction, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Niblock bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now 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. Company insiders own 0.72% of the company’s stock.

Lamb Weston Trading Up 0.7 %

LW opened at $59.46 on Friday. The business has a fifty day moving average price of $66.88 and a 200 day moving average price of $67.71. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $107.50. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.47 and a beta of 0.72.

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

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be given a $0.37 dividend. The ex-dividend date is Friday, January 31st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.49%. Lamb Weston’s dividend payout ratio is currently 58.50%.

Analyst Ratings Changes

LW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Stifel Nicolaus dropped their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Barclays decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.00.

Lamb Weston Company 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.