Kimelman & Baird LLC Makes New $206,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Kimelman & Baird LLC acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,447 shares of the specialty retailer’s stock, valued at approximately $206,000.

Other large investors have also modified their holdings of the company. WFA Asset Management Corp increased its position in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Lamb Weston in the 1st quarter valued at $28,000. Crewe Advisors LLC raised its position in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Lamb Weston during the 1st quarter worth $32,000. Finally, GAMMA Investing LLC grew its position in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen purchased 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by corporate insiders.

Lamb Weston Stock Performance

NYSE:LW opened at $64.74 on Tuesday. The firm’s fifty day simple moving average is $62.18 and its 200-day simple moving average is $78.18. 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 stock has a market cap of $9.35 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88.

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

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 2.22%. Lamb Weston’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LW shares. Citigroup upped their target price on shares of Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Bank of America lifted their target price on Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Wells Fargo & Company cut their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.70.

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.