Texas Permanent School Fund Trims Stock Position in Lamb Weston Holdings Inc (NYSE:LW)

Texas Permanent School Fund lowered its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,135 shares of the specialty retailer’s stock after selling 1,074 shares during the quarter. Texas Permanent School Fund’s holdings in Lamb Weston were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Copper Rock Capital Partners LLC increased its holdings in Lamb Weston by 16.1% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 196,615 shares of the specialty retailer’s stock worth $12,458,000 after acquiring an additional 27,209 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Lamb Weston by 1,034.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 282,678 shares of the specialty retailer’s stock worth $17,911,000 after acquiring an additional 257,766 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Lamb Weston by 2.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 66,910 shares of the specialty retailer’s stock worth $4,239,000 after acquiring an additional 1,299 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in Lamb Weston by 2.1% in the 2nd quarter. Clark Capital Management Group Inc. now owns 8,374 shares of the specialty retailer’s stock worth $531,000 after acquiring an additional 175 shares in the last quarter. Finally, 6 Meridian increased its holdings in Lamb Weston by 3.0% in the 2nd quarter. 6 Meridian now owns 6,954 shares of the specialty retailer’s stock worth $441,000 after acquiring an additional 200 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

LW stock opened at $78.95 on Friday. Lamb Weston Holdings Inc has a 1-year low of $58.83 and a 1-year high of $83.86. The company has a debt-to-equity ratio of 23.94, a current ratio of 1.68 and a quick ratio of 0.81. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.90 and a beta of 0.18. The business has a 50 day simple moving average of $75.92 and a two-hundred day simple moving average of $68.63.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Lamb Weston had a negative return on equity of 1,426.55% and a net margin of 12.44%. The business had revenue of $989.00 million during the quarter, compared to the consensus estimate of $971.45 million. During the same period in the prior year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Lamb Weston Holdings Inc will post 3.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.01%. Lamb Weston’s dividend payout ratio is currently 24.84%.

Several research firms have weighed in on LW. Zacks Investment Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price target for the company in a research note on Friday, July 26th. Stifel Nicolaus set a $81.00 price target on Lamb Weston and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays set a $83.00 price target on Lamb Weston and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Lamb Weston has an average rating of “Buy” and a consensus target price of $75.71.

In other news, VP Bernadette M. Madarieta sold 1,320 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total transaction of $99,778.80. Following the completion of the transaction, the vice president now directly owns 14,777 shares in the company, valued at approximately $1,116,993.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.

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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