Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. trimmed its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,755 shares of the specialty retailer’s stock after selling 174 shares during the period. First Trust Direct Indexing L.P.’s holdings in Lamb Weston were worth $298,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. grew its stake in Lamb Weston by 3.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 3,065 shares of the specialty retailer’s stock worth $332,000 after buying an additional 101 shares during the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 161 shares during the period. Private Trust Co. NA grew its position in shares of Lamb Weston by 15.3% during the fourth quarter. Private Trust Co. NA now owns 1,250 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 166 shares during the last quarter. Family Legacy Inc. increased its holdings in shares of Lamb Weston by 1.5% in the 4th quarter. Family Legacy Inc. now owns 11,157 shares of the specialty retailer’s stock worth $1,206,000 after acquiring an additional 168 shares during the period. Finally, Lindbrook Capital LLC lifted its position in Lamb Weston by 7.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,502 shares of the specialty retailer’s stock valued at $270,000 after purchasing an additional 182 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Trading Up 0.8 %

Shares of LW stock opened at $85.10 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The stock has a 50-day simple moving average of $93.00 and a 200 day simple moving average of $98.44. Lamb Weston Holdings, Inc. has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The stock has a market capitalization of $12.29 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.38 and a beta of 0.79.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be issued a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

LW has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Citigroup decreased their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Wells Fargo & Company cut their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Barclays reduced their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Finally, BNP Paribas started coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.40.

About Lamb Weston

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.