Westhampton Capital LLC Makes New $539,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

by · The Markets Daily

Westhampton Capital LLC purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,324 shares of the specialty retailer’s stock, valued at approximately $539,000.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp lifted its position in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 174 shares in the last quarter. City State Bank boosted its stake in 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 purchasing an additional 150 shares during the period. EntryPoint Capital LLC bought a new position in Lamb Weston in the 1st quarter worth about $28,000. Crewe Advisors LLC increased its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Lamb Weston during the third quarter valued at about $29,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group decreased their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Bank of America lifted their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, Barclays lifted their price target on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Hold” and an average target price of $80.56.

Check Out Our Latest Analysis on LW

Lamb Weston Stock Performance

Shares of NYSE LW opened at $77.26 on Wednesday. The stock’s 50-day moving average is $65.77 and its 200 day moving average is $74.56. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.27 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW – Get Free Report) last posted its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm posted $1.63 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Insider Activity

In related news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the transaction, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Lamb Weston Profile

(Free Report)

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.

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