Roosevelt Investment Group Inc. grew its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 237,237 shares of the specialty retailer’s stock after acquiring an additional 1,176 shares during the period. Lamb Weston comprises about 1.9% of Roosevelt Investment Group Inc.’s holdings, making the stock its 14th largest holding. Roosevelt Investment Group Inc. owned about 0.16% of Lamb Weston worth $17,451,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake in shares of Lamb Weston by 62.4% in the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after buying an additional 151 shares during the last quarter. Bollard Group LLC lifted its position in Lamb Weston by 0.8% in the 4th quarter. Bollard Group LLC now owns 27,299 shares of the specialty retailer’s stock valued at $2,008,000 after acquiring an additional 216 shares in the last quarter. Wetherby Asset Management Inc. lifted its position in Lamb Weston by 5.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 4,155 shares of the specialty retailer’s stock valued at $305,000 after acquiring an additional 224 shares in the last quarter. Timber Creek Capital Management LLC lifted its position in Lamb Weston by 143.5% in the 4th quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 310 shares in the last quarter. Finally, Advisor Partners LLC lifted its position in Lamb Weston by 6.6% in the 4th quarter. Advisor Partners LLC now owns 6,571 shares of the specialty retailer’s stock valued at $483,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.
Several research firms recently issued reports on LW. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the company a “buy” rating in a research report on Friday, January 25th. Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 22nd. Barclays upped their price objective on Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, January 7th. Bank of America cut Lamb Weston from a “buy” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $85.00 in a research report on Thursday, November 15th. Finally, ValuEngine cut Lamb Weston from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Lamb Weston presently has an average rating of “Hold” and an average price target of $77.14.
NYSE LW opened at $70.39 on Tuesday. The firm has a market cap of $10.35 billion, a PE ratio of 26.46, a PEG ratio of 1.93 and a beta of -0.14. Lamb Weston Holdings Inc has a 1-year low of $53.29 and a 1-year high of $83.86.
Lamb Weston (NYSE:LW) last released its quarterly earnings results on Friday, January 4th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.10. The firm had revenue of $911.40 million for the quarter, compared to analysts’ expectations of $897.08 million. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. On average, sell-side analysts predict that Lamb Weston Holdings Inc will post 3.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 31st. Lamb Weston’s dividend payout ratio is presently 30.08%.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
Featured Story: Why is Cost of Capital Important?