Lamb Weston Holdings Inc (LW) Holdings Raised by Signition LP

Signition LP grew its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 61.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,236 shares of the specialty retailer’s stock after purchasing an additional 1,986 shares during the quarter. Signition LP’s holdings in Lamb Weston were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. US Bancorp DE lifted its position in shares of Lamb Weston by 0.6% in the third quarter. US Bancorp DE now owns 141,094 shares of the specialty retailer’s stock valued at $9,396,000 after buying an additional 801 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Lamb Weston by 264.5% in the third quarter. Acadian Asset Management LLC now owns 6,598 shares of the specialty retailer’s stock valued at $440,000 after buying an additional 4,788 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Lamb Weston by 1.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 57,663 shares of the specialty retailer’s stock valued at $3,840,000 after buying an additional 907 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Lamb Weston by 2.4% in the third quarter. Arizona State Retirement System now owns 103,968 shares of the specialty retailer’s stock valued at $6,924,000 after buying an additional 2,444 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its position in shares of Lamb Weston by 0.4% in the third quarter. Congress Asset Management Co. MA now owns 1,469,557 shares of the specialty retailer’s stock valued at $97,872,000 after buying an additional 5,376 shares during the last quarter. Institutional investors own 79.97% of the company’s stock.

A number of analysts have recently issued reports on LW shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Lamb Weston in a research report on Tuesday, October 2nd. CL King cut Lamb Weston from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. ValuEngine cut Lamb Weston from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research cut Lamb Weston from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Stifel Nicolaus lifted their price target on Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $72.00.

NYSE:LW opened at $76.98 on Friday. The company has a market cap of $11.27 billion, a P/E ratio of 27.20, a PEG ratio of 2.35 and a beta of -0.53. Lamb Weston Holdings Inc has a 1-year low of $50.60 and a 1-year high of $79.97.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business had revenue of $914.90 million during the quarter, compared to analysts’ expectations of $879.68 million. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. Analysts predict that Lamb Weston Holdings Inc will post 2.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be issued a dividend of $0.191 per share. The ex-dividend date is Thursday, November 1st. This represents a $0.76 annualized dividend and a yield of 0.99%. Lamb Weston’s payout ratio is currently 28.57%.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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