Intact Investment Management Inc. Acquires 20,500 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Intact Investment Management Inc. grew its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 92.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,700 shares of the specialty retailer's stock after buying an additional 20,500 shares during the quarter. Intact Investment Management Inc.'s holdings in Lamb Weston were worth $4,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LW. Private Trust Co. NA raised its position in shares of Lamb Weston by 17.6% in the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer's stock valued at $100,000 after buying an additional 162 shares in the last quarter. Czech National Bank raised its position in shares of Lamb Weston by 47.7% in the 3rd quarter. Czech National Bank now owns 25,482 shares of the specialty retailer's stock valued at $2,356,000 after buying an additional 8,234 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Lamb Weston by 19.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,830 shares of the specialty retailer's stock worth $6,734,000 after purchasing an additional 11,861 shares in the last quarter. Golden State Equity Partners acquired a new position in Lamb Weston during the 3rd quarter worth approximately $713,000. Finally, Cavalier Investments LLC increased its position in Lamb Weston by 3.7% during the 3rd quarter. Cavalier Investments LLC now owns 28,294 shares of the specialty retailer's stock worth $2,616,000 after purchasing an additional 1,013 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

NYSE:LW traded up $0.35 on Friday, reaching $83.85. 2,462,698 shares of the company's stock were exchanged, compared to its average volume of 4,422,213. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The stock has a fifty day simple moving average of $95.51 and a 200-day simple moving average of $98.51.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. Lamb Weston's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. Lamb Weston's dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analyst Weigh In

LW has been the subject of a number of research analyst reports. Bank of America lowered their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a "buy" rating on the stock in a research note on Monday, April 8th. StockNews.com lowered shares of Lamb Weston from a "hold" rating to a "sell" rating in a research note on Friday, January 5th. Barclays cut their target price on shares of Lamb Weston from $125.00 to $105.00 and set an "overweight" rating on the stock in a research note on Monday, April 8th. Finally, Stifel Nicolaus cut their target price on shares of Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $117.40.

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.