Brown Lisle Cummings Inc. Makes New $83,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Brown Lisle Cummings Inc. bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,248 shares of the specialty retailer’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC lifted its stake in Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after acquiring an additional 817 shares during the period. Nicola Wealth Management LTD. purchased a new stake in shares of Lamb Weston in the 3rd quarter worth approximately $6,474,000. Clarkston Capital Partners LLC boosted its stake in shares of 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 in the last quarter. Insight Wealth Strategies LLC increased its holdings in Lamb Weston by 36.0% during the fourth quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer’s stock valued at $4,140,000 after buying an additional 16,412 shares during the period. Finally, Citigroup Inc. raised its stake in Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after buying an additional 44,057 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $59.14 on Wednesday. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.47 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $107.50. The company has a 50 day simple moving average of $67.23 and a two-hundred day simple moving average of $67.78. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. Lamb Weston’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. As a group, analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.50%. Lamb Weston’s payout ratio is presently 58.50%.

Analyst Ratings Changes

LW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $68.00 in a report on Friday, December 20th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective for the company. Finally, Barclays lowered their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $81.00.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the purchase, the director now directly owns 22,982 shares in the company, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% 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.