Lamb Weston Holdings, Inc. (NYSE:LW) Position Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,038 shares of the specialty retailer’s stock after acquiring an additional 667 shares during the quarter. Tectonic Advisors LLC’s holdings in Lamb Weston were worth $404,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LW. Money Concepts Capital Corp raised its holdings in shares of Lamb Weston by 19.8% during the fourth quarter. Money Concepts Capital Corp now owns 9,565 shares of the specialty retailer’s stock worth $639,000 after purchasing an additional 1,582 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lamb Weston by 29.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,045 shares of the specialty retailer’s stock worth $1,137,000 after purchasing an additional 3,868 shares during the period. Guidance Capital Inc. raised its holdings in shares of Lamb Weston by 41.3% during the fourth quarter. Guidance Capital Inc. now owns 15,266 shares of the specialty retailer’s stock worth $1,020,000 after purchasing an additional 4,463 shares during the period. Ninety One UK Ltd raised its holdings in shares of Lamb Weston by 33.6% during the fourth quarter. Ninety One UK Ltd now owns 712,316 shares of the specialty retailer’s stock worth $47,604,000 after purchasing an additional 179,305 shares during the period. Finally, Brown Lisle Cummings Inc. acquired a new stake in shares of Lamb Weston during the fourth quarter worth $83,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Up 0.7 %

Lamb Weston stock opened at $59.46 on Friday. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.47 and a beta of 0.72. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company’s 50-day moving average price is $66.88 and its two-hundred day moving average price is $67.71. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $107.50.

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

Lamb Weston Increases Dividend

The firm 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 is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.49%. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price on the stock. Bank of America increased their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.00.

Insider Activity

In related news, Director Charles A. Blixt acquired 1,200 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price 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. This represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Niblock bought 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company’s stock, valued at approximately $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. Insiders own 0.72% of the company’s stock.

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.