Goodman Financial Corp Has $14.66 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Goodman Financial Corp cut its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 219,385 shares of the specialty retailer’s stock after selling 2,025 shares during the period. Lamb Weston accounts for about 3.1% of Goodman Financial Corp’s investment portfolio, making the stock its 10th biggest holding. Goodman Financial Corp’s holdings in Lamb Weston were worth $14,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its holdings in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 274 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Lamb Weston during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. purchased a new stake in Lamb Weston in the fourth quarter worth about $36,000. Prospera Private Wealth LLC bought a new position in shares of Lamb Weston during the third quarter valued at approximately $39,000. Finally, Brooklyn Investment Group purchased a new position in shares of Lamb Weston during the third quarter valued at approximately $40,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Citigroup downgraded shares of 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. Finally, Sanford C. Bernstein began coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.73.

Lamb Weston Stock Up 0.1 %

Shares of Lamb Weston stock opened at $52.75 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 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 company’s 50 day moving average is $56.49 and its 200 day moving average is $66.20. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company earned $1.45 earnings per share. Lamb Weston’s quarterly revenue was down 7.5% compared to the same quarter last year. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.81%. Lamb Weston’s payout ratio is 58.50%.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt acquired 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was bought at an average price 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 $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

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.