Crossmark Global Holdings Inc. Reduces Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Crossmark Global Holdings Inc. lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 13.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,042 shares of the specialty retailer’s stock after selling 1,107 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lamb Weston were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 135 shares during the period. City State Bank increased its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in Lamb Weston by 0.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after acquiring an additional 156 shares during the period. Bahl & Gaynor Inc. boosted its stake in Lamb Weston by 2.4% during the first quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 166 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after purchasing an additional 181 shares during the period. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

LW has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. Bank of America boosted their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $82.22.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $75.47 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. The business has a 50-day simple moving average of $71.80 and a two-hundred day simple moving average of $74.21. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.91%. Lamb Weston’s dividend payout ratio (DPR) is currently 33.80%.

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.