Leeward Investments LLC MA Trims Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Leeward Investments LLC MA cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 133,405 shares of the specialty retailer’s stock after selling 3,595 shares during the quarter. Leeward Investments LLC MA’s holdings in Lamb Weston were worth $14,420,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its position in Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Lamb Weston by 24.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 114 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Lamb Weston by 17.6% in the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 162 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in shares of Lamb Weston by 537.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 956 shares in the last quarter. Finally, ZRC Wealth Management LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth about $129,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Trading Up 0.4 %

LW opened at $83.85 on Friday. The business has a 50 day simple moving average of $95.51 and a two-hundred day simple moving average of $98.45. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.36 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm’s revenue was up 16.3% on a year-over-year basis. Analysts predict that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. Lamb Weston’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LW. StockNews.com cut Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Citigroup lowered their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Bank of America lowered their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Stifel Nicolaus lowered their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Barclays lowered their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.40.

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.