GWN Securities Inc. Has $2.54 Million Stock Position in Lamb Weston $LW

GWN Securities Inc. cut its position in Lamb Weston (NYSE:LW) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,539 shares of the specialty retailer’s stock after selling 42,087 shares during the period. GWN Securities Inc.’s holdings in Lamb Weston were worth $2,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LW. American National Bank & Trust bought a new position in Lamb Weston in the second quarter worth approximately $25,000. Quent Capital LLC acquired a new position in shares of Lamb Weston during the third quarter worth approximately $29,000. Motco bought a new position in shares of Lamb Weston in the 3rd quarter worth $30,000. ST Germain D J Co. Inc. grew its position in Lamb Weston by 64.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 210 shares during the period. Finally, Ameriflex Group Inc. increased its stake in Lamb Weston by 407.7% during the 2nd quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 477 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LW has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lamb Weston in a research note on Monday, December 29th. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $63.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, December 22nd. Jefferies Financial Group lifted their price target on Lamb Weston from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Bank of America lowered their price objective on Lamb Weston from $66.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Finally, TD Cowen dropped their target price on Lamb Weston from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.18.

Lamb Weston Trading Up 1.0%

Shares of LW stock opened at $41.85 on Wednesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.64 and a current ratio of 1.43. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 6.33 and a beta of 0.45. Lamb Weston has a 52-week low of $39.79 and a 52-week high of $67.07. The company has a 50-day simple moving average of $52.88 and a two-hundred day simple moving average of $55.65.

Lamb Weston (NYSE:LW) last posted its earnings results on Friday, December 19th. The specialty retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Lamb Weston had a net margin of 6.06% and a return on equity of 27.71%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned $0.66 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, January 30th will be given a $0.38 dividend. This is an increase from Lamb Weston’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, January 30th. Lamb Weston’s payout ratio is presently 53.24%.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.