Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC increased its position in Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 722 shares of the specialty retailer’s stock after buying an additional 181 shares during the quarter. Gradient Investments LLC’s holdings in Lamb Weston were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LW. Tcwp LLC purchased a new position in shares of Lamb Weston in the 1st quarter worth $25,000. MCF Advisors LLC purchased a new position in shares of Lamb Weston in the 1st quarter worth $27,000. Engine Capital Management LP purchased a new position in Lamb Weston in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. raised its position in Lamb Weston by 346.2% in the first quarter. First Horizon Advisors Inc. now owns 531 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 412 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Lamb Weston by 330.1% in the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 482 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Lamb Weston from a “b-” rating to a “c+” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average target price of $67.67.

Insider Activity

In other news, SVP Eryk J. Spytek sold 3,867 shares of the firm’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $75.00, for a total transaction of $290,025.00. Following the completion of the sale, the senior vice president now directly owns 37,955 shares in the company, valued at $2,846,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Eryk J. Spytek sold 3,867 shares of the firm’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $75.00, for a total transaction of $290,025.00. Following the completion of the sale, the senior vice president now directly owns 37,955 shares in the company, valued at $2,846,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gerardo Scheufler sold 2,786 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $81.01, for a total value of $225,693.86. Following the sale, the senior vice president now owns 29,685 shares of the company’s stock, valued at $2,404,781.85. The disclosure for this sale can be found here. Insiders sold 9,654 shares of company stock worth $755,709 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Lamb Weston Trading Up 0.5 %

NYSE:LW opened at $77.94 on Thursday. The business’s 50-day moving average is $78.98 and its two-hundred day moving average is $69.44. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.37 and a quick ratio of 1.55. Lamb Weston Holdings, Inc. has a 12 month low of $49.71 and a 12 month high of $83.29. The firm has a market capitalization of $11.20 billion, a PE ratio of 56.89, a price-to-earnings-growth ratio of 1.19 and a beta of 0.53.

Lamb Weston (NYSE:LWGet Rating) last announced its earnings results on Wednesday, July 27th. The specialty retailer reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.14. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.07 billion. Lamb Weston had a return on equity of 78.71% and a net margin of 4.90%. Research analysts predict that Lamb Weston Holdings, Inc. will post 2.79 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 5th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.98 annualized dividend and a dividend yield of 1.26%. Lamb Weston’s dividend payout ratio is presently 71.53%.

Lamb Weston Company Profile

(Get Rating)

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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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