Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,332 shares of the specialty retailer’s stock after purchasing an additional 666 shares during the period. Iron Horse Wealth Management LLC’s holdings in Lamb Weston were worth $86,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new position in shares of Lamb Weston in the first quarter valued at $470,000. Ballentine Partners LLC increased its holdings in Lamb Weston by 14.9% during the 1st quarter. Ballentine Partners LLC now owns 3,703 shares of the specialty retailer’s stock worth $394,000 after purchasing an additional 481 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Lamb Weston by 49.7% during the 1st quarter. AdvisorNet Financial Inc now owns 1,865 shares of the specialty retailer’s stock valued at $199,000 after buying an additional 619 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Lamb Weston during the first quarter worth approximately $63,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Lamb Weston by 11.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,224 shares of the specialty retailer’s stock worth $557,000 after buying an additional 538 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of LW traded down $0.11 during trading hours on Wednesday, hitting $77.15. 488,313 shares of the company were exchanged, compared to its average volume of 2,547,591. The firm has a fifty day simple moving average of $65.77 and a 200-day simple moving average of $74.56. The company has a market capitalization of $11.14 billion, a PE ratio of 10.32, a PEG ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 19.23%.

Insiders Place Their Bets

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Barclays lifted their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Stifel Nicolaus lifted their price objective on shares of Lamb Weston from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Citigroup increased their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston has an average rating of “Hold” and an average target price of $80.56.

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.