Roosevelt Investment Group Inc. grew its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 237,237 shares of the specialty retailer’s stock after buying an additional 1,176 shares during the quarter. Lamb Weston accounts for approximately 1.9% of Roosevelt Investment Group Inc.’s investment portfolio, making the stock its 14th largest holding. Roosevelt Investment Group Inc.’s holdings in Lamb Weston were worth $17,451,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in Lamb Weston by 6,095.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,195 shares of the specialty retailer’s stock worth $456,000 after purchasing an additional 6,095 shares during the last quarter. Bollard Group LLC lifted its stake in Lamb Weston by 0.8% in the fourth quarter. Bollard Group LLC now owns 27,299 shares of the specialty retailer’s stock worth $2,008,000 after purchasing an additional 216 shares during the last quarter. Bredin Investment LLC bought a new stake in Lamb Weston in the fourth quarter worth about $217,000. Wesbanco Bank Inc. lifted its stake in Lamb Weston by 8.1% in the fourth quarter. Wesbanco Bank Inc. now owns 5,495 shares of the specialty retailer’s stock worth $404,000 after purchasing an additional 410 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in Lamb Weston in the fourth quarter worth about $1,187,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Wednesday, October 24th. Jefferies Financial Group set a $85.00 price target on shares of Lamb Weston and gave the company a “buy” rating in a research note on Friday, January 25th. Stifel Nicolaus raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 22nd. ValuEngine downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Finally, CL King downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $77.14.
Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The company had revenue of $911.40 million for the quarter, compared to analyst estimates of $897.08 million. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. Lamb Weston’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. On average, sell-side analysts expect that Lamb Weston Holdings Inc will post 3.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.14%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, January 31st. Lamb Weston’s dividend payout ratio (DPR) is presently 30.08%.
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About Lamb Weston
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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