Insight Wealth Strategies LLC Boosts Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Insight Wealth Strategies LLC raised its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,538 shares of the specialty retailer’s stock after buying an additional 2,775 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Lamb Weston were worth $2,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LW. Fulton Bank N.A. boosted its holdings in shares of Lamb Weston by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock worth $297,000 after purchasing an additional 201 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Lamb Weston by 33.0% in the 3rd quarter. Diversified Trust Co now owns 9,711 shares of the specialty retailer’s stock worth $629,000 after purchasing an additional 2,408 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Lamb Weston by 188.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,100 shares of the specialty retailer’s stock worth $71,000 after purchasing an additional 718 shares in the last quarter. Czech National Bank boosted its holdings in shares of Lamb Weston by 6.4% in the 3rd quarter. Czech National Bank now owns 29,267 shares of the specialty retailer’s stock worth $1,895,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Lamb Weston by 25.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 38,200 shares of the specialty retailer’s stock worth $2,473,000 after purchasing an additional 7,800 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Trading Up 0.4 %

LW traded up $0.30 during midday trading on Tuesday, reaching $69.53. 113,103 shares of the company’s stock traded hands, compared to its average volume of 2,529,600. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 6.18 and a beta of 0.75. The firm has a fifty day moving average of $62.63 and a two-hundred day moving average of $76.67. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The business’s revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate 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. Stockholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

LW has been the subject of a number of recent research reports. Bank of America boosted 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. Citigroup boosted their target price on Lamb Weston from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group lowered their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Stifel Nicolaus boosted their target price on Lamb Weston from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston has an average rating of “Hold” and an average price target of $77.67.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $55.43 per share, for a total transaction 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.66% of the company’s stock.

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.