Retirement Systems of Alabama Sells 1,026 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Retirement Systems of Alabama reduced its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,940 shares of the specialty retailer’s stock after selling 1,026 shares during the period. Retirement Systems of Alabama’s holdings in Lamb Weston were worth $3,452,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in Lamb Weston by 84.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock valued at $4,091,000 after buying an additional 17,344 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in Lamb Weston in the 4th quarter valued at about $3,302,000. Lmcg Investments LLC grew its position in shares of Lamb Weston by 2.2% during the 3rd quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 304 shares in the last quarter. Ingalls & Snyder LLC bought a new position in shares of Lamb Weston during the fourth quarter worth approximately $210,000. Finally, CWM LLC boosted its stake in shares of Lamb Weston by 629.2% in the fourth quarter. CWM LLC now owns 31,741 shares of the specialty retailer’s stock valued at $3,431,000 after buying an additional 27,388 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.8 %

Lamb Weston stock opened at $85.10 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.38 and a beta of 0.79. The firm has a 50 day moving average price of $93.00 and a two-hundred day moving average price of $98.44. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm posted $1.43 earnings per share. Lamb Weston’s quarterly revenue was up 16.3% compared to the same quarter last year. Equities analysts predict that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a $0.36 dividend. The ex-dividend date of this dividend 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 presently 19.23%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BNP Paribas assumed coverage on Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target for the company. Stifel Nicolaus cut their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Bank of America reduced their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Barclays lowered their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Company 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.