Sandy Spring Bank Has $35,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Sandy Spring Bank lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 80.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 531 shares of the specialty retailer’s stock after selling 2,221 shares during the period. Sandy Spring Bank’s holdings in Lamb Weston were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LW. Alberta Investment Management Corp acquired a new stake in shares of Lamb Weston in the 4th quarter valued at $2,641,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Lamb Weston in the 4th quarter valued at $2,850,000. Leeward Investments LLC MA lifted its stake in shares of Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after purchasing an additional 45,904 shares during the last quarter. HB Wealth Management LLC lifted its position in Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after acquiring an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after acquiring an additional 16,092 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired 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 approximately $1,609,181.64. This represents a 12.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles A. Blixt acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LW has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. JPMorgan Chase & Co. upped their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Jefferies Financial Group upped their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Stifel Nicolaus lowered their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $68.00 in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy 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 $76.73.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $53.16 on Friday. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $107.50. The firm’s 50-day moving average price is $56.34 and its two-hundred day moving average price is $66.17. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. Lamb Weston’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd 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 2.78%. Lamb Weston’s payout ratio is 58.50%.

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.