Inspire Advisors LLC Acquires 718 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Inspire Advisors LLC lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 13.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,866 shares of the specialty retailer’s stock after acquiring an additional 718 shares during the quarter. Inspire Advisors LLC’s holdings in Lamb Weston were worth $493,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LW. Private Advisor Group LLC boosted its stake in Lamb Weston by 27.1% in the 4th quarter. Private Advisor Group LLC now owns 3,043 shares of the specialty retailer’s stock valued at $329,000 after purchasing an additional 649 shares during the period. Principal Securities Inc. acquired a new position in Lamb Weston in the 4th quarter valued at $189,000. Dimensional Fund Advisors LP raised its holdings in Lamb Weston by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 998,572 shares of the specialty retailer’s stock valued at $107,936,000 after acquiring an additional 27,253 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Lamb Weston by 9.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,671 shares of the specialty retailer’s stock valued at $397,000 after acquiring an additional 308 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Lamb Weston by 25.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 34,461 shares of the specialty retailer’s stock valued at $3,725,000 after acquiring an additional 7,028 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is owned by corporate insiders.

Lamb Weston Stock Up 0.5 %

LW stock opened at $64.17 on Friday. The company has a market cap of $9.22 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock’s 50 day simple moving average is $64.75 and its 200 day simple moving average is $81.03. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. On average, research analysts expect that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LW shares. Citigroup dropped their price objective on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Barclays dropped their price objective on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $60.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. dropped their price objective on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, The Goldman Sachs Group lowered their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

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.