First National Trust Co Invests $2.72 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

First National Trust Co bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,193 shares of the specialty retailer's stock, valued at approximately $2,723,000.

A number of other institutional investors also recently made changes to their positions in the business. VisionPoint Advisory Group LLC increased its holdings in shares of Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 161 shares during the last quarter. Headlands Technologies LLC bought a new position in Lamb Weston during the 4th quarter worth $51,000. Benjamin F. Edwards & Company Inc. grew its stake in Lamb Weston by 864.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer's stock worth $52,000 after buying an additional 432 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer's stock worth $54,000 after buying an additional 114 shares during the last quarter. Finally, Covestor Ltd grew its stake in Lamb Weston by 300.6% during the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer's stock worth $120,000 after buying an additional 971 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of LW traded up $0.60 during mid-day trading on Friday, hitting $85.08. The company's stock had a trading volume of 1,686,348 shares, compared to its average volume of 3,429,672. Lamb Weston Holdings, Inc. has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.37 and a beta of 0.79. The firm has a 50-day moving average price of $93.67 and a 200 day moving average price of $98.39. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $1.43 EPS. The company's quarterly revenue was up 16.3% compared to the same quarter last year. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

A number of research analysts recently commented on LW shares. Barclays lowered their price objective on Lamb Weston from $125.00 to $105.00 and set an "overweight" rating for the company in a research note on Monday, April 8th. Citigroup lowered their price target on Lamb Weston from $132.00 to $106.00 and set a "buy" rating on the stock in a report on Monday, April 8th. Stifel Nicolaus reduced their price objective 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. BNP Paribas initiated coverage on shares of Lamb Weston in a research note on Monday, March 11th. They set an "outperform" rating and a $128.00 target price on the stock. Finally, StockNews.com downgraded shares of Lamb Weston from a "hold" rating to a "sell" rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $117.40.

Lamb Weston 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.