Palouse Capital Management Inc. Invests $209,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Palouse Capital Management Inc. bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,225 shares of the specialty retailer’s stock, valued at approximately $209,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock valued at $1,778,533,000 after acquiring an additional 60,601 shares during the period. TPG GP A LLC boosted its stake in Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after purchasing an additional 1,247,206 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Lamb Weston by 5.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after purchasing an additional 114,049 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after buying an additional 830,511 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in shares of Lamb Weston by 11.7% in the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock valued at $131,396,000 after buying an additional 129,120 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Bank of America raised their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group reduced their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Wells Fargo & Company upped their price target on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Finally, TD Cowen boosted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.00.

Lamb Weston Stock Down 1.4 %

Shares of NYSE LW traded down $1.09 during mid-day trading on Monday, reaching $77.13. 930,991 shares of the company’s stock were exchanged, compared to its average volume of 2,555,321. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.27 and a beta of 0.75. The business has a fifty day simple moving average of $65.02 and a 200 day simple moving average of $74.60.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

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.