Resona Asset Management Co. Ltd. Makes New $2.86 Million Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Resona Asset Management Co. Ltd. purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 4th quarter, Holdings Channel.com reports. The fund purchased 42,766 shares of the specialty retailer’s stock, valued at approximately $2,859,000.

Other large investors have also recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new position in shares of Lamb Weston during the fourth quarter worth approximately $2,641,000. Atria Wealth Solutions Inc. bought a new position in shares of Lamb Weston in the fourth quarter worth approximately $2,850,000. Leeward Investments LLC MA grew its holdings in shares of Lamb Weston by 41.5% in the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock worth $10,457,000 after purchasing an additional 45,904 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Lamb Weston by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after purchasing an additional 16,092 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.72% of the stock is owned by insiders.

Lamb Weston Stock Performance

Shares of LW stock opened at $55.39 on Thursday. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51. The stock has a market cap of $7.90 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company’s fifty day moving average price is $54.55 and its 200-day moving average price is $65.18.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio is presently 58.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LW shares. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Barclays cut their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus cut their target price on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. lifted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company cut their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.09.

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.