Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 68.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,022 shares of the specialty retailer’s stock after selling 2,203 shares during the quarter. Palouse Capital Management Inc.’s holdings in Lamb Weston were worth $68,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its position in Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after acquiring an additional 549,812 shares in the last quarter. 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 worth $218,598,000 after acquiring an additional 24,097 shares in the last quarter. 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 worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Lamb Weston in the third quarter worth about $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 worth $126,309,000 after acquiring an additional 468,190 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now directly owns 26,406 shares in the company, 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 the SEC website. Also, Director Charles A. Blixt purchased 1,200 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the acquisition, the director now 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.

Analyst Ratings Changes

LW has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Barclays cut their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus cut their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Sanford C. Bernstein began coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $81.00.

Lamb Weston Trading Up 2.1 %

Shares of NYSE LW opened at $58.47 on Friday. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.46 and a beta of 0.72. The business has a 50 day simple moving average of $64.14 and a 200 day simple moving average of $67.49. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $107.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

Lamb Weston (NYSE:LW) last announced 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 firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.53%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio is presently 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.