London Co. of Virginia Decreases Position in Lamb Weston Holdings, Inc. (NYSE:LW)

London Co. of Virginia lessened its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,685,618 shares of the specialty retailer's stock after selling 19,158 shares during the quarter. London Co. of Virginia owned approximately 1.88% of Lamb Weston worth $179,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock valued at $74,000 after buying an additional 170 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Lamb Weston by 3.2% in the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock worth $476,000 after purchasing an additional 219 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Lamb Weston by 3.2% during the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after acquiring an additional 227 shares during the period. Norinchukin Bank The lifted its position in shares of Lamb Weston by 4.0% in the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock worth $392,000 after purchasing an additional 227 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in Lamb Weston by 2.8% in the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer's stock worth $595,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Up 0.4%

Shares of LW stock traded up $0.22 during trading hours on Thursday, reaching $51.63. The company had a trading volume of 2,309,970 shares, compared to its average volume of 2,644,149. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The business has a fifty day simple moving average of $53.00 and a 200-day simple moving average of $62.05. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $1.20 earnings per share. Lamb Weston's revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 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 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is currently 58.04%.

Analyst Ratings Changes

LW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. Barclays decreased their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday. Wells Fargo & Company reduced their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group cut their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston has an average rating of "Hold" and a consensus price target of $69.91.

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.