Roosevelt Investment Group Inc. Grows Stake in Lamb Weston Holdings Inc (LW)

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.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.13. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The business had revenue of $926.80 million for the quarter, compared to analysts’ expectations of $898.46 million. During the same period in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Lamb Weston Holdings Inc will post 3.2 earnings per share for the current year.

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.

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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.

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

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