Insight Wealth Strategies LLC Increases Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Insight Wealth Strategies LLC increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 36.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,950 shares of the specialty retailer’s stock after purchasing an additional 16,412 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Lamb Weston were worth $4,140,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LW. Nicola Wealth Management LTD. purchased a new stake in shares of Lamb Weston during the 3rd quarter valued at $6,474,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lamb Weston in the second quarter valued at about $3,279,000. Clarkston Capital Partners LLC boosted its holdings in Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Lamb Weston by 39.3% during the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock valued at $10,115,000 after acquiring an additional 44,057 shares in the last quarter. Finally, First Financial Bankshares Inc acquired a new position in shares of Lamb Weston during the third quarter valued at about $6,506,000. Institutional investors own 89.56% of the company’s stock.

Insider Activity

In related news, Director Charles A. Blixt purchased 1,200 shares of Lamb Weston stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the transaction, the director now directly owns 22,982 shares in the company, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

Lamb Weston Stock Performance

Shares of LW traded down $1.82 during trading hours on Monday, hitting $63.71. The stock had a trading volume of 1,370,693 shares, compared to its average volume of 1,566,418. The firm has a 50-day moving average price of $74.86 and a 200 day moving average price of $71.04. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $110.61. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.42 and a beta of 0.73. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company posted $1.45 EPS. The company’s revenue was down 7.5% on a year-over-year basis. As a group, research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.32%. Lamb Weston’s payout ratio is 58.50%.

Wall Street Analyst Weigh In

A number of analysts recently commented on LW shares. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Stifel Nicolaus reduced their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Jefferies Financial Group boosted their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $81.00.

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.