First National Trust Co Lowers Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

First National Trust Co trimmed its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 2.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,227 shares of the specialty retailer’s stock after selling 719 shares during the quarter. First National Trust Co’s holdings in Lamb Weston were worth $2,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Chilton Capital Management LLC boosted its holdings in Lamb Weston by 42.6% during the 2nd quarter. Chilton Capital Management LLC now owns 974 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 291 shares during the period. Guidance Capital Inc. boosted its position in Lamb Weston by 18.4% in the 2nd quarter. Guidance Capital Inc. now owns 15,260 shares of the specialty retailer’s stock valued at $1,283,000 after buying an additional 2,370 shares during the period. Natixis Advisors LLC grew its stake in shares of Lamb Weston by 18.4% in the second quarter. Natixis Advisors LLC now owns 153,680 shares of the specialty retailer’s stock worth $12,921,000 after acquiring an additional 23,831 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Lamb Weston by 107.7% during the second quarter. D.A. Davidson & CO. now owns 55,458 shares of the specialty retailer’s stock worth $4,663,000 after acquiring an additional 28,761 shares during the period. Finally, Ascent Wealth Partners LLC acquired a new stake in shares of Lamb Weston in the second quarter valued at $4,508,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LW has been the subject of several analyst reports. Barclays lowered their target price on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $60.00 in a research note on Thursday, July 25th. The Goldman Sachs Group reduced their target price on shares of 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. lowered their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, TD Cowen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price objective for the company from $105.00 to $61.00 in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Lamb Weston Price Performance

Shares of LW opened at $61.68 on Thursday. The firm has a fifty day moving average price of $67.53 and a 200 day moving average price of $82.80. The stock has a market cap of $8.91 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 5.90 and a beta of 0.74. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were issued a $0.36 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.33%. Lamb Weston’s payout ratio is 19.23%.

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.