Inspire Advisors LLC Grows Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Inspire Advisors LLC grew its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 25.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,191 shares of the specialty retailer’s stock after purchasing an additional 1,842 shares during the quarter. Inspire Advisors LLC’s holdings in Lamb Weston were worth $614,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after buying an additional 549,812 shares during the period. Geode Capital Management LLC raised its position in Lamb Weston by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after purchasing an additional 24,097 shares during the period. Clarkston Capital Partners LLC raised its position in Lamb Weston by 108.7% in 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 during the period. Southpoint Capital Advisors LP purchased a new stake in Lamb Weston in the third quarter valued at approximately $129,480,000. Finally, Champlain Investment Partners LLC raised its position in Lamb Weston by 31.6% in the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock valued at $126,309,000 after purchasing an additional 468,190 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 related news, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was bought 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 approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $63.25 per share, with a total value of $75,900.00. Following the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents 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 currently owned by insiders.

Lamb Weston Stock Performance

Shares of LW stock opened at $51.52 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The firm has a fifty day moving average price of $58.14 and a 200 day moving average price of $66.75. The company has a market cap of $7.35 billion, a P/E ratio of 20.36, a PEG ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $107.50.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were paid a dividend of $0.37 per share. The ex-dividend date was Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.87%. 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 Analysts Forecast Growth

A number of brokerages have issued reports on LW. JPMorgan Chase & Co. boosted their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Stifel Nicolaus cut their target price 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. Jefferies Financial Group boosted their target price on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Barclays dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.73.

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.