Lamb Weston Holdings, Inc. (NYSE:LW) Stock Position Increased by Amalgamated Bank

Amalgamated Bank raised its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 27.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,035 shares of the specialty retailer’s stock after purchasing an additional 8,518 shares during the period. Amalgamated Bank’s holdings in Lamb Weston were worth $3,366,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on LW shares. Barclays lowered 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. Wells Fargo & Company dropped their price target on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. TD Cowen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price objective for the company from $105.00 to $61.00 in a research report on Thursday, July 25th. Citigroup boosted their target price on shares of Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.30.

Insider Buying and Selling at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.66% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $64.90 on Tuesday. The company’s fifty day moving average is $63.19 and its two-hundred day moving average is $79.21. The company has a market cap of $9.37 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.71 billion. Equities analysts expect that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a $0.36 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.22%. Lamb Weston’s dividend payout ratio is presently 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.