Atria Wealth Solutions Inc. Invests $2.85 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Atria Wealth Solutions Inc. acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 42,648 shares of the specialty retailer’s stock, valued at approximately $2,850,000.

Several other institutional investors also recently modified their holdings of LW. Blue Trust Inc. grew its holdings in shares of Lamb Weston by 117.9% during the 3rd quarter. Blue Trust Inc. now owns 950 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 514 shares in the last quarter. Raymond James & Associates lifted its position in shares of Lamb Weston by 45.1% during the 3rd quarter. Raymond James & Associates now owns 269,059 shares of the specialty retailer’s stock worth $17,419,000 after buying an additional 83,615 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Lamb Weston by 37.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 895 shares of the specialty retailer’s stock worth $58,000 after buying an additional 243 shares during the period. Greenleaf Trust lifted its position in shares of Lamb Weston by 11.4% during the 3rd quarter. Greenleaf Trust now owns 3,470 shares of the specialty retailer’s stock worth $225,000 after buying an additional 354 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Lamb Weston by 22.5% during the 3rd quarter. CENTRAL TRUST Co now owns 16,084 shares of the specialty retailer’s stock worth $1,041,000 after buying an additional 2,952 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Trading Down 1.9 %

LW stock opened at $55.76 on Friday. The company has a market cap of $7.95 billion, a P/E ratio of 22.04, a PEG ratio of 1.41 and a beta of 0.72. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $107.50. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The business has a fifty day moving average of $62.21 and a 200-day moving average of $67.39.

Lamb Weston (NYSE:LW) last released its earnings results 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). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a dividend of $0.37 per share. The ex-dividend date is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s payout ratio is presently 58.50%.

Insider Transactions at Lamb Weston

In related news, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on LW. Jefferies Financial Group raised their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Stifel Nicolaus cut their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Finally, Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average target price of $81.00.

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.