Royal London Asset Management Ltd. Purchases 311 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Royal London Asset Management Ltd. boosted its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,200 shares of the specialty retailer’s stock after acquiring an additional 311 shares during the period. Royal London Asset Management Ltd.’s holdings in Lamb Weston were worth $4,305,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Choreo LLC acquired a new position in Lamb Weston in the second quarter valued at about $388,000. PFG Investments LLC lifted its stake in Lamb Weston by 4.5% in the second quarter. PFG Investments LLC now owns 8,875 shares of the specialty retailer’s stock valued at $746,000 after buying an additional 382 shares during the period. Caprock Group LLC acquired a new position in Lamb Weston in the second quarter valued at about $237,000. Acadian Asset Management LLC acquired a new position in Lamb Weston in the second quarter valued at about $396,000. Finally, Advisor OS LLC lifted its stake in Lamb Weston by 18.0% in the second quarter. Advisor OS LLC now owns 27,341 shares of the specialty retailer’s stock valued at $2,299,000 after buying an additional 4,177 shares during the period. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LW shares. The Goldman Sachs Group cut their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company dropped their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Barclays dropped their price target on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Lamb Weston has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Lamb Weston Stock Up 0.5 %

LW stock opened at $64.17 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The business has a 50 day moving average price of $64.75 and a two-hundred day moving average price of $81.03. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.24%. Lamb Weston’s dividend payout ratio is currently 19.23%.

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.