Amalgamated Bank Has $4.24 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Amalgamated Bank trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,259 shares of the specialty retailer’s stock after selling 3,800 shares during the quarter. Amalgamated Bank’s holdings in Lamb Weston were worth $4,244,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. grew its position in Lamb Weston by 3.4% during the fourth 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 in the last quarter. VisionPoint Advisory Group LLC raised its stake in Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares in the last quarter. Private Trust Co. NA lifted its position in 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 purchasing an additional 166 shares during the period. Family Legacy Inc. increased its holdings in Lamb Weston by 1.5% in the 4th quarter. Family Legacy Inc. now owns 11,157 shares of the specialty retailer’s stock valued at $1,206,000 after buying an additional 168 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of 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 buying an additional 182 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LW. Citigroup lowered their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Bank of America dropped their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Barclays decreased their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. Stifel Nicolaus dropped their target price 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. Finally, BNP Paribas started coverage on shares of Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

Lamb Weston Trading Down 2.3 %

Shares of LW stock opened at $83.16 on Thursday. Lamb Weston Holdings, Inc. has a 1-year low of $77.41 and a 1-year high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The stock has a 50-day moving average of $92.65 and a 200-day moving average of $98.33. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.38 and a beta of 0.79.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 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 for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

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.