Inspire Investing LLC Sells 1,099 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Inspire Investing LLC lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,572 shares of the specialty retailer’s stock after selling 1,099 shares during the quarter. Inspire Investing LLC’s holdings in Lamb Weston were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. City State Bank boosted its holdings in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Northwest Investment Counselors LLC bought a new stake in Lamb Weston during the 3rd quarter valued at $29,000. West Oak Capital LLC lifted its holdings in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after buying an additional 274 shares during the period. Riverview Trust Co bought a new position in shares of Lamb Weston during the 3rd quarter worth $35,000. Finally, CVA Family Office LLC increased its stake in shares of Lamb Weston by 143.8% during the third quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 338 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LW. Bank of America upped their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Jefferies Financial Group boosted their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Barclays dropped their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $81.00.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the acquisition, the director now owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert A. Niblock purchased 3,000 shares of Lamb Weston stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Lamb Weston Trading Down 0.6 %

Lamb Weston stock opened at $60.52 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a market cap of $8.63 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. The stock has a 50-day moving average of $70.13 and a two-hundred day moving average of $68.96. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $109.41.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.11 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change 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 2.45%. Lamb Weston’s payout ratio is 56.92%.

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.