Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. grew its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 30.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 89,960 shares of the specialty retailer’s stock after buying an additional 21,212 shares during the period. Howe & Rusling Inc.’s holdings in Lamb Weston were worth $6,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Southpoint Capital Advisors LP acquired a new position in Lamb Weston in the third quarter valued at approximately $129,480,000. Boston Partners lifted its holdings in shares of Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after purchasing an additional 735,901 shares during the last quarter. State Street Corp boosted its position in Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after purchasing an additional 549,812 shares during the period. Liberty One Investment Management LLC grew its stake in Lamb Weston by 697.4% during the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock worth $23,408,000 after buying an additional 306,343 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in Lamb Weston in the third quarter worth $19,822,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Trading Up 1.3 %

Shares of LW stock opened at $53.72 on Thursday. The stock has a 50-day simple moving average of $55.95 and a 200 day simple moving average of $65.98. The stock has a market capitalization of $7.66 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $107.50. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.76%. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Insider Transactions at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lamb Weston in a report on Wednesday, March 19th. Barclays decreased their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. StockNews.com raised Lamb Weston to a “sell” rating in a report on Monday, February 24th. Sanford C. Bernstein began coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective for the company. Finally, Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and cut their target price for the company from $90.00 to $68.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and an average target price of $76.73.

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.