Rodgers Brothers Inc. Increases Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Rodgers Brothers Inc. boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 874.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,371 shares of the specialty retailer’s stock after purchasing an additional 124,170 shares during the quarter. Lamb Weston comprises 1.2% of Rodgers Brothers Inc.’s portfolio, making the stock its 19th largest position. Rodgers Brothers Inc.’s holdings in Lamb Weston were worth $9,247,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LW. West Oak Capital LLC grew its stake in shares of Lamb Weston by 155.7% in the fourth 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 acquired a new stake in Lamb Weston in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Lamb Weston during the fourth quarter worth $47,000. Finally, Advantage Trust Co purchased a new position in shares of Lamb Weston in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

LW has been the topic of a number of analyst reports. 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. StockNews.com raised shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Stifel Nicolaus reduced their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Finally, Jefferies Financial Group boosted their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.55.

Lamb Weston Price Performance

Shares of NYSE LW opened at $53.95 on Monday. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $105.55. The firm has a market capitalization of $7.70 billion, a PE ratio of 21.32, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The business’s fifty day moving average price is $55.73 and its two-hundred day moving average price is $65.88.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.72% of the stock is owned by insiders.

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.