Courier Capital LLC Acquires 972 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Courier Capital LLC increased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,509 shares of the specialty retailer’s stock after acquiring an additional 972 shares during the quarter. Courier Capital LLC’s holdings in Lamb Weston were worth $301,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost 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 approximately $1,453,611.50. The trade was a 5.51 % increase in their position. The acquisition 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 company’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares in the company, 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 owned by insiders.

Lamb Weston Stock Down 1.8 %

Shares of NYSE LW opened at $59.74 on Wednesday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $110.61. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The firm has a market cap of $8.52 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.42 and a beta of 0.73. The company has a 50 day simple moving average of $72.55 and a 200 day simple moving average of $69.81.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. On average, research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current 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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Wells Fargo & Company raised their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. 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 report on Monday, December 16th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective on the stock. Finally, Bank of America boosted their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $81.00.

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.