Amalgamated Bank increased its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,427 shares of the specialty retailer’s stock after buying an additional 327 shares during the period. Amalgamated Bank’s holdings in Lamb Weston were worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in Lamb Weston by 62.4% during the fourth quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Bollard Group LLC raised its holdings in shares of Lamb Weston by 0.8% during the fourth quarter. Bollard Group LLC now owns 27,299 shares of the specialty retailer’s stock valued at $2,008,000 after purchasing an additional 216 shares during the period. Wetherby Asset Management Inc. raised its holdings in shares of Lamb Weston by 5.7% during the fourth quarter. Wetherby Asset Management Inc. now owns 4,155 shares of the specialty retailer’s stock valued at $305,000 after purchasing an additional 224 shares during the period. Kovack Advisors Inc. raised its holdings in shares of Lamb Weston by 5.5% during the fourth quarter. Kovack Advisors Inc. now owns 4,268 shares of the specialty retailer’s stock valued at $314,000 after purchasing an additional 224 shares during the period. Finally, QS Investors LLC lifted its stake in Lamb Weston by 2.1% in the 4th quarter. QS Investors LLC now owns 12,905 shares of the specialty retailer’s stock worth $950,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
LW has been the topic of several recent analyst reports. Jefferies Financial Group set a $85.00 target price on shares of Lamb Weston and gave the stock a “buy” rating in a research note on Friday, January 4th. Barclays raised their price objective on shares of Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, January 7th. Stifel Nicolaus upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 22nd. Daiwa Capital Markets began coverage on shares of Lamb Weston in a research report on Wednesday, February 27th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $78.83.
Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.13. The firm had revenue of $926.80 million for the quarter, compared to analyst estimates of $898.46 million. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. As a group, sell-side analysts expect that Lamb Weston Holdings Inc will post 3.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Lamb Weston’s dividend payout ratio (DPR) is currently 30.08%.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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