3,288 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by BTS Asset Management Inc.

BTS Asset Management Inc. purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,288 shares of the specialty retailer’s stock, valued at approximately $274,000. Lamb Weston accounts for 0.3% of BTS Asset Management Inc.’s portfolio, making the stock its 19th biggest holding.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Lamb Weston during the fourth quarter worth approximately $93,553,000. Artemis Investment Management LLP increased its position in shares of Lamb Weston by 117.2% during the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after purchasing an additional 663,985 shares in the last quarter. APG Asset Management US Inc. acquired a new position in Lamb Weston in the 4th quarter valued at $56,699,000. Ninety One UK Ltd purchased a new position in Lamb Weston in the 2nd quarter valued at $42,518,000. Finally, Montrusco Bolton Investments Inc. boosted its stake in Lamb Weston by 104.7% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock worth $77,113,000 after purchasing an additional 364,851 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $61.00 in a report on Thursday, July 25th. Wells Fargo & Company lowered their price objective on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Lamb Weston Trading Up 0.7 %

Shares of NYSE LW opened at $62.11 on Friday. The stock has a fifty day simple moving average of $67.10 and a 200-day simple moving average of $82.66. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $8.97 billion, a PE ratio of 8.29, a PEG ratio of 5.90 and a beta of 0.74.

Lamb Weston (NYSE:LW) last issued its quarterly 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). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. On average, equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s payout ratio is currently 19.23%.

Insider Activity at Lamb Weston

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

Lamb Weston 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.