Cerity Partners LLC Boosts Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Cerity Partners LLC boosted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 172.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,063 shares of the specialty retailer’s stock after purchasing an additional 15,878 shares during the period. Cerity Partners LLC’s holdings in Lamb Weston were worth $1,623,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LW. Nicola Wealth Management LTD. bought a new stake in Lamb Weston during the third quarter valued at about $6,474,000. Susquehanna Fundamental Investments LLC bought a new stake in Lamb Weston during the second quarter worth approximately $3,279,000. Clarkston Capital Partners LLC raised its position in Lamb Weston by 108.7% during the third 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 period. Deltec Asset Management LLC lifted its stake in shares of Lamb Weston by 154.5% in the 2nd quarter. Deltec Asset Management LLC now owns 72,540 shares of the specialty retailer’s stock valued at $6,099,000 after purchasing an additional 44,040 shares during the last quarter. Finally, First Financial Bankshares Inc purchased a new position in shares of Lamb Weston in the 3rd quarter worth approximately $6,506,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 1.5 %

LW stock opened at $78.36 on Tuesday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company’s 50 day moving average price is $74.51 and its 200 day moving average price is $73.52. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Lamb Weston’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were issued a $0.36 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.84%. Lamb Weston’s payout ratio is 33.80%.

Wall Street Analysts Forecast Growth

LW has been the subject of several analyst reports. Citigroup raised their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Stifel Nicolaus upped their price objective on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, Barclays upped their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and an average target price of $82.22.

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.