PUREfi Wealth LLC Acquires New Position in Lamb Weston Holdings, Inc. (NYSE:LW)

PUREfi Wealth LLC acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,659 shares of the specialty retailer’s stock, valued at approximately $245,000.

A number of other hedge funds have also recently modified their holdings of LW. Kornitzer Capital Management Inc. KS boosted its stake in Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after buying an additional 156 shares during the period. Bridges Investment Management Inc. boosted its stake in Lamb Weston by 2.8% during the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after buying an additional 181 shares during the period. Coldstream Capital Management Inc. boosted its stake in Lamb Weston by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after buying an additional 186 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in Lamb Weston by 31.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 977 shares of the specialty retailer’s stock worth $63,000 after buying an additional 231 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Lamb Weston by 2.8% during the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock worth $595,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles A. Blixt purchased 1,200 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, with a total value 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. The trade was a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on LW. Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Barclays reduced their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Finally, Bank of America increased their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston currently has an average rating of “Hold” and an average target price of $81.00.

Lamb Weston Stock Performance

NYSE:LW opened at $58.47 on Friday. The firm’s fifty day moving average price is $64.14 and its 200 day moving average price is $67.49. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $107.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business earned $1.45 earnings per share. The business’s quarterly revenue was down 7.5% on a year-over-year basis. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently announced 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 is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.53%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

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.