Roosevelt Investment Group Inc. grew its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 10.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 263,088 shares of the specialty retailer’s stock after acquiring an additional 25,851 shares during the period. Lamb Weston comprises 2.5% of Roosevelt Investment Group Inc.’s investment portfolio, making the stock its 15th biggest position. Roosevelt Investment Group Inc.’s holdings in Lamb Weston were worth $19,716,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in shares of Lamb Weston by 62.4% during the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 151 shares during the period. Princeton Global Asset Management LLC bought a new position in shares of Lamb Weston during the 4th quarter valued at approximately $29,000. Sun Life Financial INC bought a new position in shares of Lamb Weston during the 4th quarter valued at approximately $30,000. Guardian Life Insurance Co. of America bought a new position in Lamb Weston in the 4th quarter worth approximately $30,000. Finally, Timber Creek Capital Management LLC boosted its holdings in Lamb Weston by 143.5% in the 4th quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after buying an additional 310 shares during the period. 82.78% of the stock is owned by hedge funds and other institutional investors.
LW traded down $1.01 on Friday, hitting $62.07. The company’s stock had a trading volume of 18,116 shares, compared to its average volume of 1,721,648. Lamb Weston Holdings Inc has a 12 month low of $62.46 and a 12 month high of $83.86. The company has a market cap of $9.56 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.73 and a beta of -0.26.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is presently 30.08%.
Several research firms recently commented on LW. Bank of America raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Thursday, April 4th. Stifel Nicolaus raised their price objective on shares of Lamb Weston from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Consumer Edge began coverage on shares of Lamb Weston in a report on Friday, March 22nd. They issued an “outperform” rating for the company. Finally, Daiwa Capital Markets began coverage on shares of Lamb Weston in a report on Wednesday, February 27th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.40.
COPYRIGHT VIOLATION WARNING: This article was posted by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.themarketsdaily.com/2019/05/24/roosevelt-investment-group-inc-grows-stake-in-lamb-weston-holdings-inc-lw.html.
Lamb Weston Profile
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.
Read More: Strike Price
Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings Inc (NYSE:LW).
Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.