Thrivent Financial for Lutherans Increases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Thrivent Financial for Lutherans lifted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 935,914 shares of the specialty retailer’s stock after acquiring an additional 15,840 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Lamb Weston were worth $62,606,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Cibc World Markets Corp lifted its position in shares of Lamb Weston by 6.6% in the 4th quarter. Cibc World Markets Corp now owns 55,955 shares of the specialty retailer’s stock worth $3,739,000 after purchasing an additional 3,448 shares during the period. First National Advisers LLC lifted its position in shares of Lamb Weston by 2.6% in the 4th quarter. First National Advisers LLC now owns 49,511 shares of the specialty retailer’s stock worth $3,308,000 after purchasing an additional 1,252 shares during the period. GWN Securities Inc. bought a new position in shares of Lamb Weston during the 4th quarter worth approximately $484,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Lamb Weston by 323.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 55,940 shares of the specialty retailer’s stock worth $3,738,000 after acquiring an additional 42,740 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Lamb Weston by 19.2% during the 4th quarter. Natixis Advisors LLC now owns 201,249 shares of the specialty retailer’s stock worth $13,449,000 after acquiring an additional 32,400 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

In other news, Director Charles A. Blixt purchased 1,200 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

LW has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $76.73.

Lamb Weston Stock Down 0.4 %

NYSE:LW opened at $52.69 on Thursday. The firm has a market capitalization of $7.52 billion, a P/E ratio of 20.82, a PEG ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $107.50. The company’s fifty day moving average price is $56.66 and its 200-day moving average price is $66.29. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 EPS. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

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.