GWN Securities Inc. Has $4.46 Million Position in Lamb Weston $LW

GWN Securities Inc. lifted its stake in shares of Lamb Weston (NYSE:LW) by 32.5% during the second quarter, Holdings Channel reports. The fund owned 85,626 shares of the specialty retailer’s stock after buying an additional 20,988 shares during the quarter. GWN Securities Inc.’s holdings in Lamb Weston were worth $4,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LW. Price T Rowe Associates Inc. MD increased its stake in Lamb Weston by 49.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock valued at $239,877,000 after purchasing an additional 1,483,559 shares in the last quarter. Citigroup Inc. grew its stake in shares of Lamb Weston by 324.4% in the 1st quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer’s stock valued at $60,068,000 after buying an additional 861,417 shares during the period. Invesco Ltd. grew its stake in shares of Lamb Weston by 25.7% in the 1st quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock valued at $216,180,000 after buying an additional 829,207 shares during the period. Gates Capital Management Inc. grew its stake in shares of Lamb Weston by 49.8% in the 1st quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after buying an additional 670,611 shares during the period. Finally, Clarkston Capital Partners LLC grew its stake in shares of Lamb Weston by 21.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer’s stock valued at $198,359,000 after buying an additional 648,855 shares during the period. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Cfra Research upgraded Lamb Weston to a “hold” rating in a report on Thursday, October 2nd. BNP Paribas Exane upped their target price on Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the stock a “market perform” rating in a research report on Wednesday, October 1st. Weiss Ratings lowered shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lamb Weston currently has an average rating of “Hold” and an average price target of $65.70.

Lamb Weston Trading Up 0.3%

Shares of Lamb Weston stock opened at $66.56 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $9.28 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 4.40 and a beta of 0.52. The stock has a fifty day simple moving average of $59.23 and a 200 day simple moving average of $55.36. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The firm had revenue of $1.15 billion for the quarter. On average, sell-side analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 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 2.2%. The ex-dividend date of this dividend is Friday, October 31st. Lamb Weston’s dividend payout ratio is currently 70.81%.

About Lamb Weston

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.