Concurrent Investment Advisors LLC Trims Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Concurrent Investment Advisors LLC trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,754 shares of the specialty retailer’s stock after selling 369 shares during the period. Concurrent Investment Advisors LLC’s holdings in Lamb Weston were worth $385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Oak Capital LLC grew its stake in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston in the fourth quarter worth $35,000. Kennebec Savings Bank purchased a new stake in shares of Lamb Weston in the third quarter worth $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Lamb Weston in the third quarter worth $39,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Lamb Weston in the third quarter worth $40,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles A. Blixt bought 1,200 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought 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 of the company’s stock, 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. Company insiders own 0.72% of the company’s stock.

Lamb Weston Trading Down 6.6 %

LW opened at $52.14 on Tuesday. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.40 and a beta of 0.72. 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 Holdings, Inc. has a 12 month low of $51.96 and a 12 month high of $107.50. The stock has a fifty day moving average price of $61.61 and a 200-day moving average price of $67.48.

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

Lamb Weston Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.84%. 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. Lamb Weston’s payout ratio is presently 58.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LW. StockNews.com raised Lamb Weston to a “sell” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Jefferies Financial Group increased their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Sanford C. Bernstein started coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Finally, Stifel Nicolaus dropped their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $81.00.

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.